Bill C-269: An Act to amend the Income Tax Act (heat recovery tax credit)

This bill primarily affects Canadian corporations operating in heavy industry — manufacturers, refineries, chemical plants, smelters, and other facilities that produce significant waste heat as a byproduct of their industrial processes. These businesses, which could be located in any province but are concentrated in industrial corridors in Alberta, Ontario, and Quebec, would benefit from a 30% tax credit on the capital cost of new heat recovery equipment such as heat exchangers, organic Rankine cycle systems, or waste heat boilers. The credit targets corporations large enough to have substantial industrial heat output and the capital budget to invest in energy recovery infrastructure; small sole proprietors and unincorporated businesses are excluded since only taxable Canadian corporations qualify. Day-to-day, this touches capital expenditure planning, equipment procurement decisions, and energy management for facilities looking to reduce energy costs and improve efficiency.