The forecast indicates a steady decline in tax expenditure on coal for producers in Canada from 2024 to 2028. Starting at 11.81 million dollars in 2024, it is expected to decrease to 6.93 million dollars by 2028, marking a consistent reduction each year. The year-on-year change from 2024 to 2025 is approximately -10.4%, and from 2025 to 2026 is around -11.5%. The forecast suggests an average decrease, or a compound annual growth rate (CAGR), of roughly -12.33% over the five-year period. This shows a decisive move away from coal, impacting related tax expenditures consistently.

Future trends to watch for include:

Further government policies strengthening shifts towards renewable energy sources.
Potential reduction in coal production due to increasing regulatory measures.
Economic impacts on coal-dependent communities and possible funding for transitions.
Innovation and investment in cleaner alternatives as demand for coal diminishes.