By Steve Scherer
OTTAWA (Reuters) - Canada will introduce in its budget next week a 30% investment tax credit to boost clean-tech manufacturing, especially in the electric vehicle (EV) supply chain, two government sources familiar with the document said on Thursday.
The tax credit for capital investments in manufacturing equipment will be a "significant piece" of a bundle of measures aimed at putting Canada's green-transition effort on the same level as the United States, said one source.
The credit will be available for future investments in equipment used to extract and process critical minerals used in EVs, a second source said, and to purchase equipment used in manufacturing along the entire EV supply chain, including for batteries.