Investment Tax Credits and Prevailing Wage
September 1, 2023
Canada’s Building Trades Unions commends the Federal Government for the investment tax credits announced in the 2022 Fall Economic Statement and the 2023 Budget to support the transition to net zero.
Budget 2023 included one of the strongest definitions for prevailing wage Canada has ever had – a huge win for skilled tradespeople across the country. To receive the Investment Tax Credits, employers will need to provide good labour conditions for workers – including adhering to the new definition of prevailing wage based on union compensation and apprenticeship requirements.
However, with the passing of the Inflation Reduction Act in the United States, it has never been more important to pass the investment tax credits for green technologies to create jobs, support workers, and secure Canada’s place as a leader in clean technology.
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