A simple summary of the 2019 Federal Zero-Emission Vehicle Incentives

In the Liberal’s first year in office they quickly discarded a series of ‘Harper era’ tax credits, including the child fitness credit, the child arts credit, the transit pass credit, the textbook and education tax credit, and dependent tax credits – to name a few. They even scrapped Harper’s planed reduction in the small business tax rate to 9% until the private company uprising of 2017, when the Liberals reintroduced the rate reduction. Despite apparently being opposed to ‘boutique benefits’, only three short years later (just in time for the federal election) the Trudeau Liberals have introduced two of their own boutique programs for those wealthy enough to buy new cars: 1) the Incentives for the Zero-Emission Vehicles (iZEV) Program; and 2) an enhanced first-year CCA (tax depreciation) rate of 100% for zero-emission vehicles. read more