| famousringo said: Well, it could be worse. At least this should drive down energy demand. My government is subsidizing home renovations with no requirement that they improve insulation or anything. Some call it the "granite countertop subsidy." But what these clowns should be investing in is researching and building the smart, dynamic energy grid that we'll need to really shed dependance on non-renewable energy. |
Because between oil, coal, natural gas, nuclear, hydro-electric, and bio-fuels Canadians have a shortage of energy resources? Canada is not a big enough country for any government investment into a field with as much investment as alternative energy research and battery development to make a difference; and we can create a better dynamic energy grid for less money if we wait for larger countries (US, China, Russia, etc.) to produce similar systems first.
Now, the home renovation tax credit allows people to make a claim on their taxes for 15% of eligible home improvement costs up to a maximum (household I believe) credit of $1,500. To put it into context of the cash-for-clunkers program, with the amount of money that will go towards this tax credit you could (potentially) offer a $500 discount off of the purchase of a more environmental car ... but guess what, as part of the stimulus program in Canada you can receive a tax credit of (up to) $7,500 if you bought a plug-in hybrid electric vehicle. ( http://www.four-pillars.ca/2009/02/24/new-car-buyer-tax-deduction-2009-economic-stimulus-package/ )
