Tax CreditCanadaEquipment Purchase or UpgradesEnergy Efficiency
Clean Technology Investment Tax Credits (ITC)
A corporation can claim refundable tax credit that is equal to 30% of the capital cost of eligible clean technology property that is acquired and that becomes available for use after March 27, 2023, and before 2034. The rate will be reduced to 15% in 2034 and nil after 2034.
Offered by Canada Revenue Agency
Amount
no fixed amount
Quick eligibility check
Years in business
No minimum stated
Employees
No limit stated
Revenue
No limit stated
Legal structure
No requirement stated
Location
Anywhere in Canada
Who can apply
The applicant must be a corporation or a business with a qualifying equipment, including:
- certain zero-emission power generation technologies (including concentrated solar energy equipment and small modular nuclear reactors);
- storage equipment for zero-emission energy and non-road zero-emission vehicles.
- Geothermal energy systems are also generally included, unless they are used for geothermal energy projects that will co-produce oil, gas or other fossil fuels.
- Businesses may claim more than one clean economy ITC for the same project, if the project includes different types of eligible property.
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 |
| 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 |
| Clean Technology (CT) Investment Tax Credit (ITC) | Tax Credit | No fixed amount | Open |
