Clean Technology (CT) Investment Tax Credit (ITC)
Reduce capital costs for clean-energy upgrades with a refundable federal tax credit.
The CT ITC provides up to 30% of the capital cost for eligible clean-technology property that is acquired and available for use from Mar 28, 2023 to Dec 31, 2034.
Eligible applicants
Businesses that can apply include:
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A taxable Canadian corporation
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A mutual fund trust that is a real estate investment trust
*Employers who elect to meet the labour requirements can avoid claiming the reduced tax credit rate.
Qualifying property
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Renewable Power Generation
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Clean Heating & Cooling
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Energy Storage
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Clean Transportation Equipment
Must be equipment that is situated in and intended for use exclusively in Canada
*Labour Requirements: Projects applying for the full 30% CT ITC must ensure that all installation and construction work meets Canada’s prevailing wage standards and that at least 10% of labour hours are performed by registered apprentices in each trade. Property owners are not required to directly employ workers but must confirm compliance through their contractors’ documentation. Projects that do not meet these conditions remain eligible at a reduced 20% credit rate.