Forecast: Tax Expenditure on End-Use Electricity for Consumers in Canada

The forecasted tax expenditure on end-use electricity for consumers in Canada shows a stable trend from 2024 to 2026, with a slight increase beginning in 2027. This expenditure remains consistent at 0.007% of GDP from 2024 to 2026, with a moderate rise to 0.008% in 2027, maintaining the same level in 2028. This indicates a gradual increase in the commitment towards electrification and energy consumption over this period.

Future trends to watch for:

  • Potential policy changes influencing renewable energy adoption.
  • Economic factors impacting GDP and consequently tax expenditure as a percentage of GDP.
  • Technological advancements and their impact on energy consumption and efficiency.

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