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.