Canada’s RE Tax Incentives Benefit Company

October 1, 2002 [] Thermal Energy International Inc. said the company will strongly benefit from the new Enhanced Renewable Energy Tax Incentives recently introduced by Finance Canada. Proposed changes to the income tax rules to enhance the tax incentives for investments in Renewable Energy and energy conservation projects were announced recently. The most important change, allows Thermal Energy International Inc. to renounce Canadian Renewable and Conservation Expenses to Flow-Through Share investors in a year where the CRCE will be incurred in the subsequent year.
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