The tax expenditure on coal for residential use in Canada is predicted to decline steadily from $20,000 in 2024 to $15,000 by 2028, according to forecasted data. The expenditure in 2023 was $22,000. This represents a year-on-year decrease of 10% from 2024 to 2025, followed by a 5.6% decrease in 2026, and a stable value from 2027. The compound annual growth rate over the forecast period suggests an average annual decrease of 5.5% from 2024 to 2028.
Future trends to watch are:
- Government policy shifts towards cleaner energy.
- Technological advancements in alternative energy.
- Greater emphasis on energy efficiency within residential sectors.
- Potential fluctuating demand if coal remains a supplementary energy source.
