The tax expenditure on coal for residential use in Canada shows a forecasted decline from $14,000 in 2024 to $8,000 in 2028. The year-on-year variation indicates a steady downward trend, with expenditures decreasing by approximately 14% annually in the initial forecasted years, followed by a more gradual reduction of about 11% towards 2028. The compound annual growth rate (CAGR) over the five years from 2024 to 2028 is approximately -12%.

Future trends to watch for:

Transition to cleaner energy sources and potential policy changes impacting coal subsidies.
Increased investment in sustainable energy technologies reducing the reliance on coal for residential heating.
Potential impacts of global energy market dynamics and environmental regulations.