Canada Aims to Shrink Green Tax Credit Backlog With Hiring Spree

Canada expects a slew of newly hired auditors to accelerate investment tax credit applications and deliver money to green technology investors, aiming to break through a backlog that has frustrated its clean technology program.

The Canada Revenue Agency estimated in a late April budget update that it can make four-and-a-half times more application decisions by July with continued hiring of staff to determine whether claims are eligible for one of five tax credits.

The plan is to deal with unaddressed applications that tax practitioners and others say—alongside a broader uncertainty about how much could be received and when refunds would ...