The forecast for Canadian tax expenditure on coal for fossil fuel production indicates a consistent decline from 2024 to 2028. Starting from $11.81 million in 2024, expenditures decrease by approximately 10.4% each year, reaching $6.93 million in 2028. When analyzing year-over-year variations, a gradual reduction reflects a significant annual average decline (CAGR) of 12.2% over the five-year period beginning in 2024.

Future trends to watch for include:

Policy shifts toward renewable energy investments and incentives reducing reliance on coal.
Potential for increased carbon pricing influencing further declines in coal-related expenditures.
Technological advancements and regulatory changes impacting fossil fuel production costs and taxation.