Clean Technology (CT) Investment Tax Credit (ITC)
grant_single|update April 21, 2025
Canada
Offer up to 30% refundable credit for capital investments in new clean technologies in Canada
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDate March 28, 2023
- grant_single|closingDate December 31, 2033
grant_single|financingType
Tax Credits
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Canada Revenue Agency (CRA)
- Natural Resources Canada (NRCan)
grant_single|status
grant_card_status|open
grant_single_labels|preview
The Clean Technology Investment Tax Credit (CII) is a refundable tax credit that offers up to 30% for capital invested in adopting and operating new clean technology assets in Canada between March 28, 2023, and December 31, 2034. Eligible activities include investments in equipment for solar, wind, and hydroelectric power generation, energy storage, geothermal systems, and zero-emission non-road vehicles.
grant_single_labels|terms_and_conditions
- Refundable investment tax credit covering up to 30% of the capital cost for eligible clean technology assets purchased and made available from March 28, 2023, to December 31, 2033.
- Tax credit of up to 15% of the capital cost for eligible assets made available in 2034.
- The credit is not available after December 31, 2034.
grant_single_labels|projects
- Adoption and deployment of new clean technology assets in Canada.
- Implementation of equipment for generating electricity from solar, wind, or hydro energy.
- Installation of stationary electricity storage systems that do not use fossil fuels.
- Integration of active solar heating, air-source heat pumps, or geothermal heat pumps.
- Acquisition and deployment of zero-emission off-road vehicles and related charging or refueling equipment.
grant_single_labels|admissibility
- The applicant must be a taxable Canadian corporation or a mutual fund trust that is a real estate investment trust.
- The capital investment must be in new eligible clean technology property acquired and made available for use in Canada between March 28, 2023, and December 31, 2034.
- If the property is leased, it must be leased to a taxable Canadian corporation or qualifying trust, and used in the normal course of business in Canada.
- The business must comply with specific labour requirements related to prevailing wages and apprenticeships to access the full credit rate.
grant_eligibility_criteria|who_can_apply
- Taxable Canadian corporations (including those that are members of a partnership)
- Mutual fund trusts that are real estate investment trusts (including such trusts that are members of a partnership)
- Companies engaged in adopting and operating new clean technology assets in Canada
grant_eligibility_criteria|who_cannot_apply
- Companies or partnerships that are not taxable Canadian corporations or certain real estate investment trusts (REITs).
- Applicants wishing to claim the same eligible property under another Clean Economy Investment Tax Credit (for example, the Carbon Capture, Utilization, and Storage (CCUS) ITC).
grant_eligibility_criteria|eligible_expenses
- Purchase of equipment used to generate electricity from solar, wind and water power.
- Purchase of stationary electricity storage equipment that does not run on fossil fuels (e.g. batteries, pumped hydroelectric energy storage).
- Purchase of active solar heating equipment, air-source heat pumps and geothermal heat pumps.
- Purchase of off-road zero-emission vehicles and related charging and refueling equipment used primarily for these vehicles.
- Purchase of equipment used exclusively for the production of electrical or thermal energy (or a combination of both) solely from geothermal energy, unless it is part of a system for the extraction of fossil fuels for sale.
- Purchase of concentrated solar power equipment.
- Purchase of small modular nuclear reactors.
grant_eligibility_criteria|zone
- Canada
grant_single_labels|criteria
- Compliance with labor requirements regarding prevailing wage and the presence of apprentices to benefit from the regular credit rate.
- Complete provision of the information and documents required with the tax return, including a detailed summary of clean technology assets and credit request calculations.
grant_single_labels|apply
1
Verify Eligibility
- Ensure your organization is a taxable Canadian corporation or a mutual fund trust that qualifies as a real estate investment trust.
- Confirm that the investments are in eligible clean technology assets.
2
Gather Required Documentation
- Collect necessary financial records and details of capital investments made in clean technology.
- Prepare a summary of the clean technology investments and the CII claim calculation.
3
Prepare the Tax Return
- Calculate the CII for clean technologies to include in your corporate or trust income tax return (T2 or T3).
- Ensure to follow guidelines provided by the CRA for calculating and claiming the CII.
4
Submission of the Tax Return
- Submit your corporate or trust tax return by the due date including the CII claim.
- Attach additional documents as required by the CRA to substantiate the CII claim.
5
Address Labour Requirements
- Choose to meet labour requirements related to prevailing wages and apprenticeships to qualify for the regular credit rate.
- Understand the implications and responsibilities related to labour requirement compliance.
6
Await CRA Processing
- After submission, wait for the CRA to process the tax return and assess the CII claim.
- Be prepared to provide additional information if requested by the CRA.
grant_single_labels|otherInfo
- Technical and scientific information on eligible clean technology assets is available from Natural Resources Canada.
- Additional tax incentives may apply to qualifying assets under categories 43.1 and 43.2, such as accelerated capital cost allowance.
- Late submission for required information may be accepted if provided within one year after the regular filing deadline.
- If renting eligible property, specific leasing conditions and documentation must be met.
Apply to this program
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