Yukon’s Carbon Price Rebate Program: Super Green Credit for Businesses
Rebate
Description:
The Super Green Credit supports businesses that invest in green technologies and equipment, aiding the transition to a cleaner economy. This credit is designed to further encourage future investments in clean technology and equipment.
Comments on Funding:
Continuous Intake
Eligibility:
Eligible assets have now been expanded to include (but are not limited to):
1. zero-emission vehicles;
2. electric vehicle charging stations;
3. air-source heat pumps;
4. pumped hydroelectric storage equipment.
Eligible assets are listed under CCA classes 43.1, 43.2, 54, 55 and 56. For details see classes of depreciable property on the Government of Canada website or seek professional advice.
The full list of eligible assets is available in Schedule II of the federal Income Tax Regulations.
Application Steps:
1. Corporations can claim the rebate on their T2 corporation income tax returns.
2. Individuals operating an unincorporated business can claim the rebate on their T1 income tax returns.
3. Trusts may be able to claim the rebate on their T3 income tax returns. See the T3 Trust Guide (Canada.ca).
Documentation Needed:
Applicants must provide their respective income tax returns;
1. Corporations: T2 corporation income tax return.
2. Individuals with unincorporated businesses: T1 income tax return.
3. Trusts: Refer to the T3 Trust Guide (Canada.ca), for the required documentation.
Other Things to Note:
This program is also administered by the Canada Revenue Agency (CRA).
About the author
Maurice
