With respect to the clean electricity investment tax credit, the effective date will be budget 2024. Next year we're going to continue to refine the implementation and draft legislative proposal with respect to this credit.
There are still a number of design elements to work on and clarify. Also, with respect to the transition and coming into force, there will be rules such that projects that have started already, as of budget day 2023, will not be eligible. Basically, next year is a year when these projects, even if they continue, are not missing out because they will not be eligible anyway, given the fact that the credit is available only in budget 2024. A project that would start in between would still qualify, though.
This is the way this investment tax credit will be implemented.