OTTAWA — Today, Ontario’s Minister of Finance Peter Bethlenfalvy issued the following statement in response to the federal government’s Budget 2023:
“Our government appreciates the federal government working with us in a number of areas to help Ontario families, workers, and businesses. Together, we have attracted billions of dollars in investments, putting Ontario and Canada back on the map as an automotive powerhouse, including Volkswagen’s recent announcement that it has chosen St. Thomas as the new home of its first-ever offshore battery plant.
The Government of Canada’s 2023 budget provides significant support responding to the U.S. Inflation Reduction Act with investment tax credits in clean electricity, including small modular reactors, and clean technology manufacturing and extraction of critical minerals.
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