Article

Grants and incentives to reach net-zero emissions

Looking deeper and seizing the opportunities

As companies embrace the pursuit of a more sustainable, low-carbon future, Canadian business leaders are innovating technologies, investing in their organizations, and taking on the transformations required to reduce their greenhouse gas (GHG) emissions to net-zero. 

Deloitte works with clients to help them achieve this ambitious objective through making good use of the more than $26 billion in funding that the Government of Canada has allocated to help the nation decarbonize. 

Canada’s target is to reduce GHG emissions to 40% to 45% below 2005 levels by 2030 and to be net-zero by 2050. The 2030 Emission Reduction Plan, announced recently, includes $9.1 billion in new investments over the next eight years, which adds to the $17 billion in funding announced in 2021. Many existing programs, such as the Strategic Innovation Fund - Net Zero Accelerator and the Low Carbon Economy Fund, received extra budget. New programs and policies to help accelerate the pace of decarbonization, such as the carbon capture use and storage (CCUS) investment tax credit, were also announced.

How we can help

Identify relevant tax credits, grants, and incentives
We’ll help you identify which of the more than 3,000 tax credits, grants, and incentives are most applicable to your corporate growth and energy transition strategies. This will help to increase your chances of successfully accessing your share of the substantial funding.

Support the application process
We’ll provide advice and guidance as you work through the application, identify any gaps in your submission, and strategically position your project to enhance the probability of success. We’ll support you throughout the application process, from preparation to reporting; it’s an end-to-end service that frees up your employees’ time to focus on the business. 

Optimizing the funding opportunities
We’ll use our proven strategy to strengthen your funding potential by maximizing eligible expenditure in the project budget. In addition, we’ll help you make use of the stacking feature of various grant programs to amplify the funding opportunities per project. 

Implement the project
We offer a range of services to assist with ESG capital projects, including strategic and operations evaluation, financial and assumptions review, financing, tax advice, process digitalization, the implementation of AI into supply chain management, and a road map to net-zero using unique decarbonization tools. 

Businesses with ongoing product or process development projects or that are implementing current technologies to decarbonize may be eligible for significant government incentives.

Did you find this useful?