Clean Technology ITC Passed into Law

As a business, you may be eligible for tax credits for investments in Canada that support the transition to net zero emissions. Categories included for these investments are Carbon Capture Utilization and Storage, Clean Technology, Clean Hydrogen and Clean Technology Manufacturing.

The CT ITC may be claimed by taxable Canadian corporations or a mutual fund trust that is a real estate investment trust. Clean technology properties eligible for investment are:

  • Equipment used to generate electricity from solar, wind and water energy

  • Stationary electricity storage equipment that does not use any fossil fuel in operation (such as batteries and pumped hydroelectric storage)

  • Active solar heating equipment, air-source heat pumps and ground-source heat pumps

  • Non-road zero-emission vehicles and related charging and refueling equipment that is used primarily for such vehicles

  • Equipment used exclusively for the purpose of generating electrical energy or heat energy (or a combination of both), solely from geothermal energy, unless it is part of a system that extracts fossil fuels for sale

  • Concentrated solar energy equipment

  • Small modular nuclear reactors

More information and claim instructions are available here.