The Clean Technology Investment Tax Credit is a refundable tax credit for eligible investments in clean technology manufacturing and processing, and critical mineral extraction and processing.
Funding
The tax credit rate is 30% of the capital cost of eligible property. The Clean Tech ITC will be reduced to 15% for property that becomes available for use in 2034 and will no longer be in effect after 2034.
Eligibility
The project must use equipment purchased or refurbished between 2023 and 2035 for clean energy or emissions reduction, obtain approval with a qualified plan from Natural Resources Canada, and meet labour requirements (50% Canadians, 10% underrepresented groups, 5% apprentices) to avoid credit reduction. Additionally, it must adhere to recovery mechanisms if clean energy or emissions reduction goals are not met and disclose climate risks while sharing knowledge in a public repository.
Application
The application process can be detailed, and the eligibility criteria are rigorous. With our expertise, we can guide your company through the complexities and help you take full advantage of this program to boost your sustainability efforts and market position.
Management
We support our clients throughout the claim process, from the request for certificates to the delivery of tax forms.
