How much funding can be received?

Funds up to 30% of admissible expenses.

What is the deadline to apply?

The deadline to apply is 2033-12-31T23:59:59Z.

Who are the financial supporters of the Clean Technology (CT) Investment Tax Credit (ITC)?

Clean Technology (CT) Investment Tax Credit (ITC) is funded by Canada Revenue Agency (CRA), Natural Resources Canada (NRCan)

What are Clean Technology (CT) Investment Tax Credit (ITC)'s eligibility criterias?

The applicant must be a taxable Canadian corporation, including those that are members of a partnership. The applicant can also be a mutual fund trust that is a real estate investment trust, including those that are members of a partnership.

Clean Technology (CT) Investment Tax Credit (ITC)

grant_single|update March 27, 2025

Canada

Offer up to 30% refundable credit for capital investments in new clean technologies in Canada

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grant_single|openingDate March 28, 2023
grant_single|closingDate December 31, 2033

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Tax Credits

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Canada Revenue Agency (CRA)
Natural Resources Canada (NRCan)

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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.

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This grant provides tax credit incentives to encourage investment in clean technology assets, allowing organizations to enhance their capital expenditure efficiency. The modalities outlined determine the percentage of tax credit based on the acquisition date and usage year of the eligible assets.

The Clean Technology Investment Tax Credit (CT ITC) offers a refundable tax credit of up to 30% for clean technology assets acquired and available for use between March 28, 2023, and December 31, 2033.
For assets that are acquired and become available for use in 2034, the tax credit rate is reduced to 15%.
This credit is applicable only until the end of 2034, after which it will no longer be available.

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Eligibility for the Clean Technology Investment Tax Credit (CII) is determined by specific requirements related to the type of entity applying and their involvement with clean technology assets.

The applicant must be a taxable Canadian corporation, including those that are a member of a partnership.
The applicant can be a mutual fund trust that qualifies as a real estate investment trust, including such trusts that are members of a partnership.
Applicants must ensure compliance with other labor-related requirements to avoid reduced tax credit rates.

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To apply for the CII for clean technologies, you must be:1. A taxable Canadian corporation (including a taxable Canadian corporation that is a member of a partnership).2. An investment trust mutual fund that is a real estate investment trust (including such a trust that is a member of a partnership).Additionally, you must:- Opt to meet labor requirements to avoid the reduced tax credit rate.

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This grant excludes certain entities based on their eligibility as outlined for companies or trusts that do not qualify under the specified criteria. The focus is to ensure compliance with the definitions of taxable Canadian corporations or qualifying mutual fund trusts.

Non-Canadian corporations or entities without taxable status in Canada.
Entities that are not mutual fund trusts structured as real estate investment trusts.
Non-taxable organizations, including non-profits or government bodies.

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This grant is available throughout Canada for companies investing in clean technologies. The eligibility is defined by the type of corporation or trust applying for the grant, rather than specific geographical locations within Canada.

All provinces and territories in Canada.

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The Investment Tax Credit (ITC) for Clean Technologies supports the adoption and use of specified clean technology assets in Canada from March 28, 2023, to December 31, 2034, for eligible businesses.

Rate of the ITC can be up to 30% for assets available from March 28, 2023, to December 31, 2033.
Rate of the ITC drops to 15% for assets available in 2034.
Available to taxable Canadian corporations and certain types of trusts.
Cannot be combined with other specific ITCs for the same asset, but multiple ITCs can be applied to the same project for different assets.
Additional technical information and support can be obtained from Natural Resources Canada (NRCan).