![]() ![]() ![]() Income reporting by digital platform operators – Draft legislation was released for public comment to incorporate the OECD Model Rules for income reporting by digital platforms into the Income Tax Act and is proposed to come into force on January 1, 2024.Specific details will be announced in Budget 2023. To incentivize companies to create good jobs, those that adhere to certain labour conditions will be eligible for the full 30 per cent credit, while those that do not will only be eligible for a credit of 20 per cent. Investment Tax Credit for Clean Technologies –The FES proposes to introduce a refundable Clean Technology Investment Tax Credit of up to 30 per cent of the capital cost of eligible equipment.More details will be released in Budget 2023. ![]()
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