[Verse 1]
Canada's fighting climate change with taxes on emission
Carbon pricing leads the way, it's part of our mission
Federal backstop sets the floor when provinces don't act
Thirty dollars per ton rising, that's the basic fact
Some provinces have their own systems that are equivalent
Cap and trade or carbon tax, the goal is still consistent
[Chorus]
Climate taxes, green incentives, Canada's making moves
Carbon pricing, clean tech credits, these are tax law rules
Federal backstop, provincial choice, investment credits too
Flow-through shares for mining claims, sustainability's new
[Verse 2]
Clean economy investment credits help businesses go green
Clean Technology ITC gives thirty percent back clean
Manufacturing and processing equipment gets the break
Solar panels, wind turbines, for our planet's sake
Clean Hydrogen ITC supports the fuel of tomorrow
Carbon Capture gets credits too, reducing CO2 sorrow
[Chorus]
Climate taxes, green incentives, Canada's making moves
Carbon pricing, clean tech credits, these are tax law rules
Federal backstop, provincial choice, investment credits too
Flow-through shares for mining claims, sustainability's new
[Bridge]
Flow-through shares let mining companies pass expenses down
To investors who can deduct them, spreading costs around
Mineral exploration for critical materials we need
Lithium, cobalt, rare earth metals, helping green tech succeed
[Verse 3]
When provinces don't implement their own carbon price plan
Federal backstop kicks in with rebates for each woman and man
Revenue stays within the province, most goes back to people
Clean tech credits phase in yearly, making green more feasible
[Chorus]
Climate taxes, green incentives, Canada's making moves
Carbon pricing, clean tech credits, these are tax law rules
Federal backstop, provincial choice, investment credits too
Flow-through shares for mining claims, sustainability's new
[Outro]
From carbon pricing to clean tech credits
Tax law's going green
Environmental measures in the tax code
Building tomorrow's scene