The forecast for tax expenditure on end-use electricity for residential use in Canada indicates a persistent upward trend from 2024 to 2028. This five-year period shows an increase from $709.08 million in 2024 to $1240.0 million in 2028 (in constant 2020 US dollars), demonstrating a Compound Annual Growth Rate (CAGR) of approximately 15.1%. The annual increments reflect economic factors, consumption patterns, or shifts towards cleaner energy, given rising residential demand.
Future trends to watch include:
- Policies impacting renewable energy adoption.
- Technological advancements in energy efficiency.
- Changes in residential energy consumption behavior.
- Potential economic and regulatory shifts influencing tax policies.
