The forecast for tax expenditure on natural gas for residential use in Canada shows a gradual decline from 2024 to 2028, starting at 88.62 million USD and decreasing each year by around 1% to 84.22 million USD. Year-on-year percentage variations highlight a consistent decrease of slightly over 1%. The compound annual growth rate (CAGR) from 2023 to 2028 indicates an average annual decline of approximately 1.3%.
Future trends to watch for:
- Potential policy shifts aimed at promoting renewable energy sources could further accelerate the decline in tax expenditure on natural gas.
- Economic factors such as inflation and changes in residential demand for natural gas might influence future expenditure levels.
- Technological advancements in energy efficiency could reduce residential dependency on natural gas, impacting tax expenditures accordingly.
