Thank you for the question.
The tax credits apply to expenses that are incurred. It's a relationship between the developer and Revenue Canada, ostensibly. The details of how those tax credits will apply and the types of expenditures will enable a developer or a bidder in a process to evaluate their bid to determine whether it's a cash bid, for example, or to estimate their project costs. They will be able to calculate the potential value of those tax credits in designing their bid, but it is not part of the evaluation that the regulator would do in assessing the bid.