Forecast: Tax Expenditure on Natural Gas for Consumers in Canada

The forecast for tax expenditure on natural gas for consumers in Canada shows a steady increase from 2024 to 2028. In 2023, tax expenditure stood at 145.40 million USD, and the trend indicates a gradual annual rise, culminating in 150.72 million USD by 2028. Year-on-year growth reveals a consistent upward trajectory, with each year's increase slightly above 0.6%, signifying a stable demand for natural gas and associated fiscal policies.

Future trends to watch for include:

  • Potential policy shifts in energy taxation that could impact expenditure rates.
  • Technological advancements in energy efficiency which might alter consumer usage patterns and tax revenue.
  • Market dynamics and global supply chain factors influencing natural gas accessibility and cost.

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