Honda, Toyota in Canada's Sights With New EV Tax Incentive [Financial Post (Toronto, Ontario, Canada)]
Stellantis N.V. Common Shares (STLA)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Prime Minister Justin Trudeau is offering more tax breaks to automotive firms to put their electric vehicle factories in Canada, as companies including Honda and Toyota consider lucrative new investments. 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. Article content Article content 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
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- Weekly Report (April 19-25, 2024) on the First Tranche of Stellantis 2024 Share Buyback ProgramGlobeNewswire
- Protocase Hosts Federal Opposition Leader Pierre Poilievre on Site Tour and Meet-and-Greet [Yahoo! Finance]Yahoo! Finance
- Stellantis (STLA) Suffers a Larger Drop Than the General Market: Key Insights [Yahoo! Finance]Yahoo! Finance
STLA
Sec Filings
- 4/26/24 - Form 6-K
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- STLA's page on the SEC website