The forecast for tax expenditure on end-use electricity in Canada shows a steady increase from 2024 to 2028, with values rising from $709.08 million USD in 2024 to $1,240 million USD in 2028. Compared to the actual expenditure in 2023, there's a notable year-on-year growth trend, highlighting significant investments in electricity tax expenditures. Year-on-year growth rates indicate increasing government focus on electricity as part of broader energy and environmental policies. The compound annual growth rate (CAGR) over the five-year period illustrates a consistent average growth, reflecting ongoing developments in infrastructure and energy efficiency measures.

Future trends to watch for include:

Policy changes related to renewable energy and sustainability initiatives that could impact electricity tax expenditures.
Technological advancements in energy efficiency and smart grid infrastructure.
Fluctuations in global energy markets that may influence electricity costs and tax strategies.