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0.00308522946394145 0.00308522946394145 -0.00115696104897792 -0.00501349787890471 0.00115696104897806 0.00752024681835713 0.0065561126108755 0.0107983031237949
Stock impact report

Honda, Toyota in Canada's Sights With New EV Tax Incentive [Yahoo! Finance]

Stellantis N.V. Common Shares (STLA) 
Company Research Source: Yahoo! Finance
Most Read from Bloomberg US Yields Spike as Hawkish Powell Puts 5% in Play: Markets Wrap China Tells Iran Cooperation Will Last After Attack on Israel Beyond the Ivies: Surprise Winners in the List of Colleges With the Highest ROI IMF Steps Up Its Warning to US Over Spending and Ballooning Debt What If Fed Rate Hikes Are Actually Sparking US Economic Boom? Canada's federal budget, released on Tuesday, unveiled a new 10% tax credit on the capital cost of buildings used for EV manufacturing — but only if companies make a significant bet on locating other portions of their supply chains within Canada. That tax credit, projected to cost C$1 billion by 2035, can be stacked on top of a 30% tax credit for the equipment costs of EV manufacturers, a measure announced last year. The budget document said the tax credit is meant to encourage companies to “choose Canada for more than one stage in the manufacturing process,” which would create more jobs and “help cement Canada's po Show less Read more
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