Thank you, Mr. Chair.
The amendment amends line 26 on page 160 with the words “2034, 30%, or, in respect of a clean technology property that is intended for use for at least 183 days in any given calendar year, 15%;”.
What we're looking to do with this amendment is to recognize that the clean technology manufacturing investment tax credit as it is currently in the bill requires the goods to be intended for use exclusively in Canada. There are companies across the country, like Swap Robotics in my community, that have goods that are clean tech, that are manufactured in Canada and that may be used in and exported to other countries. This would look at allowing for that while reducing the total tax credit accordingly to exclude the time when it's not being used in the country. In their case it's solar-powered vegetation-cutting equipment, for example, that would be included in this tax credit at a lower rate if it were to be passed.