In 2023, Canada's tax expenditure on end-use electricity across all sectors was approximately $550 million USD. From 2024 to 2028, forecasted data shows a continuous increase, rising from $667.84 million USD in 2024 to $1160.0 million USD in 2028. This indicates a significant year-on-year growth pattern.
Notable trends include:
- Year-on-year variations reflect an annual increase, with a CAGR of around 14.6% over the 5-year period from 2024 to 2028.
- This suggests a steady growth trajectory in tax expenditures on electricity for end users within Canada.
Future trends to watch for include potential policy changes that could affect tax expenditures, as well as shifts in energy consumption patterns and technological advancements that could alter this expenditure growth. Monitoring these factors will be crucial for future projections.
