Bullboard - Stock Discussion Forum Exro Technologies Inc. T.EXRO

Alternate Symbol(s): T.EXRO.WT | EXROF

Industrials

Exro Technologies Inc. is a clean technology company. The Company is engaged in developing power control electronics that expand the capabilities of electric motors and batteries. Its technologies include e-mobility (Coil Driver) and stationary energy storage (Cell Driver). The Coil Drive technology is an adaptive traction inverter that replaces the standard 3-phase inverter in electric... see more

Add To Watchlist

TSX:EXRO - Post Discussion

Exro Technologies Inc. > Budget specifics related to "growing clean economy"

View:

Post by beaner53 on Mar 28, 2023 6:59pm

Budget specifics related to "growing clean economy"

I see a few areas that Exro could tap into. It will be interesting to see if the "investment" referred to is applied retrospectively to costs incurred. A big number obviously.

Tax credits are generally claimed in conjuction with the the filing of the corporate tax return but can be filed separately within a specified time frame. I assume this program will be administered similar to the current scientific research and experimental development (SR&ED) tax incentives program but it might be a completely stand alone program. It should also be noted that these credits are fully refundable i.e. companies that are experiencing losses for tax purposes will get the benefit of the credits. For those companies that do have taxable income, the credits are applied firstly to reduce the taxes with any excess after applying the credits, fully refunded. We know where Exro sits in that respect. For now.

https://www.canada.ca/en/department-finance/news/2023/03/a-made-in-canada-plan-affordable-energy-good-jobs-and-a-growing-clean-economy.html

253