The forecasted tax expenditure on end-use electricity for consumers in Canada shows a growth trend from 2024 through 2028, with values rising from 709.08 million USD in 2024 to 1240.0 million USD by 2028. The data shows a consistent year-on-year increase, suggesting robust growth dynamics in consumer taxation on electricity usage. In 2023, the actual value stood below these forecasted values, indicating an upward trajectory in expenditure.
Year-on-year, there is a noticeable increase, reflecting growing energy demand and potential adjustments in tax policies. The compound annual growth rate (CAGR) over the five years suggests an appreciable average increase annually.
Future trends to watch include potential changes in governmental energy policies, shifts in consumer behavior towards more sustainable energy sources, and technological advancements in energy efficiency. These factors could significantly impact tax expenditure patterns on electricity consumption in Canada.
