Forecast: Tax Expenditure on End-Use Electricity for All Beneficiaries or Sectors in Canada

The tax expenditure on end-use electricity in Canada is projected to show a steady increase from 2024 to 2028. In 2024, the expenditure is estimated at 0.007% of GDP, remaining constant through 2026. From 2027 onwards, there is a slight increase to 0.008% for the subsequent years. This minor change suggests a stable outlook with modest growth in tax expenditure as a percentage of GDP.

Future trends to keep an eye on include:

  • Shifts in governmental policies affecting tax structures.
  • Technological advancements and their impact on energy consumption patterns.
  • Economic conditions influencing GDP fluctuations, potentially altering expenditure ratios.

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