Lithium Americas Corp T.LAC

Tax Credit

[Moemoney42]

Not sure if any of this tax credit will hit the balance sheet of LAC but it might at some point..?? Hard to say..?
Steve Scherer

Thu, March 23, 2023 at 12:30 p.m. EDT

 

 

 

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.

[1condor]

You would think that news would boost the shareprice but not the case. Lately the stock has been trying to rally but any pop in the SP has been met with sellers every time. Looks like dead money for several months. Patience greatly required if you hold this one.