the general philosophy of the budget is to provide tax credits for things that should receive direct funding instead. in some cases, this may be a way to avoid actually spending money (such as tax credits instead of grants for arts funding). in other cases, it's a way to push start up costs to the private sector instead of the public sector, which doesn't make sense when interest rates are going up. the result is that initiatives that ought to be funded with deficit spending simply won't happen at all. 

this is the same error that biden made in his supposed clean energy bill. it's been a few years. how did that work out? not very well - almost nothing actually got built, because the government was trying to spur private sector investment by offering tax cuts on it instead of providing for direct government investment. i made that criticism of it upfront.

normally, when an approach utterly fails, you don't see it emulated a few years later. this government seems to have learned nothing by the failure of biden's climate bills and is just reproducing them verbatim.

.....unless that's the point, which would be the case if the tax exemptions are really about tax scams (that is, institutions and other actors claiming tax credits without justification, in order to evade paying taxes). this would make some sense if that's how biden's climate bills were actually used, and the idea got pushed down to carney from his friends at big american institutions.

the result is a budget that's actually written to give investors excuses to evade paying taxes, in order to bankrupt the country, and to announce fake infrastructure funding in order to inflate stock prices. 

i've made similar observations about carney in the past. it seems to be the direction of this government - much of what they publish is basically bullshit, and it's all written to allow for international bankers to exploit loopholes in the laws and suck money out of the country.