Clean Technology (CT) Investment Tax Credit (ITC)
The Clean Technology ITC is a refundable tax credit for capital invested in the adoption and operation of new clean technology property in Canada from March 28, 2023, to December 31, 2034.
Offered by Canada Revenue Agency
Amount
No fixed amount
Quick eligibility check
Who can apply
To claim the Clean Technology ITC, you must be:
- A taxable Canadian corporation (including a taxable Canadian corporation that is a member of a partnership)
- A mutual fund trust that is a real estate investment trust (including such a trust that is a member of a partnership)
Employers who elect to meet the labour requirements can avoid claiming the reduced tax credit rate.
Claiming one or more ITCs
You are able to claim both the Clean Technology ITC and the Atlantic investment tax credit.
You can generally claim only one of the Clean Economy ITCs for the same eligible property. For example, you cannot claim the Clean Technology ITC if you claim the Carbon Capture, Utilization, and Storage ITC on the particular property.
You may claim multiple Clean Economy ITCs for the same project, if the project includes different types of eligible property.
About the funding
The Clean Technology ITC is a refundable tax credit for capital invested in the adoption and operation of new clean technology property in Canada from March 28, 2023, to December 31, 2034.
Claimed on a corporate income tax return or trust return. Employers who elect to meet the labour requirements can avoid claiming the reduced tax credit rate.
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| Accelerated Investment Incentive | Tax Credit | no fixed amount | Open |
| Air Quality Improvement Tax Credit | Tax Credit | no fixed amount | Open |
| Clean Technology Investment Tax Credits (ITC) | Tax Credit | no fixed amount | Open |
| Full Expensing for Clean Energy Investments | Tax Credit | 100% first-year deduction for eligible Class 43.1 clean energy equipment acquired after 2024 and available for use before 2030 | Open |
