The federal government is offering a range of tax credits to help people invest in green technologies to help fight climate change.
The Green Climate Fund is the first such program in Canada.
The government announced Friday it will offer an additional $50,000 for each $1,000 invested in the fund, a $100,000 increase over the previous program, and $500,000 more for people with an annual income over $150,000.
The $500 million fund is being used to finance a range from energy-efficiency retrofits to green roofs to electric cars.
“This is the right thing to do for our economy,” said Environment Minister Catherine McKenna in a statement.
“It’s going to help make a big difference in our economy, in our communities and in the climate.”
She added: “We’ve got to make sure that this money is there to support Canadians to get their jobs done in the long term.”
The government says the new $50 million will go toward the Green Climate Initiative and Green Energy Investment Fund, both of which are part of the Green Investment Fund.
Both are funded by the Carbon Tax Fund.
The Carbon Tax fund is meant to help Canadians who don’t pay their fair share of taxes, such as those living in the oil patch, but McKenna has acknowledged the fund has been lacking funding.
The Liberals have said they will also support the creation of a Green Investment Initiative, which would focus on green energy.