How much funding can be received?

Funds up to 30% of admissible expenses.

What is the deadline to apply?

The deadline to apply is 2034-12-31T23:59:59Z.

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

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

Clean Technology Manufacturing (CTM) Investment Tax Credit (ITC)

Q: What are Clean Technology Manufacturing (CTM) Investment Tax Credit (ITC)'s eligibility criterias?

The applicant must be a taxable Canadian corporation, including those that are members of a partnership. Applicants can claim one type of ITC for clean economy per asset, except for certain projects with different types of eligible properties. Leased properties must meet additional leasing requirements if rented to another entity.

grant_single|update March 27, 2025

Canada

Incentivize Canadian companies to invest in clean technology

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grant_single|deadlines

grant_single|openingDate January 1, 2024
grant_single|closingDate December 31, 2034

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Tax Credits

grant_single|eligibleIndustries

Mining, quarrying, and oil and gas extraction
Manufacturing

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

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The Clean Technology Manufacturing (CTM) Investment Tax Credit (ITC) is a refundable tax credit aimed at encouraging capital investment in clean technology manufacturing, processing, and critical mineral extraction and processing in Canada from January 1, 2024, to December 31, 2034. Eligible activities include manufacturing and processing that utilize specific machinery and equipment, as well as the extraction and processing of critical minerals. The credit covers 30% of capital costs for qualifying assets, with phased reductions starting in 2032.

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Eligible projects for the Clean Technology Manufacturing (CTM) Investment Tax Credit include activities centered around the manufacturing and processing of clean technologies, as well as the extraction and processing of critical minerals.

Investment in new clean technology manufacturing equipment.
Installation of machinery for critical mineral extraction and processing.
Expansion of facilities dedicated to processing clean technology products.
Purchase of specialized tools for zero-emission technology production.
Development of infrastructure for electric vehicle parts manufacturing.

grant_single_labels|admissibility

Eligibility for the Clean Technology Manufacturing Investment Tax Credit is determined by specific requirements related to the company's profile and the nature of its activities.

The applicant must be a Canadian-controlled corporation subject to tax in Canada, including a tax-paying Canadian corporation that is a member of a partnership.

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To apply for the CTM ITC, you must be a taxable Canadian corporation (including a taxable Canadian corporation that is a member of a partnership).

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This grant application does not specify any explicit exclusions for companies or industries based on their status or main activity. Therefore, without additional contextual information, it is unclear which specific sectors or businesses might be ineligible.

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The Clean Technology Manufacturing Investment Tax Credit (CTM ITC) aims to bolster economic activities centered on clean technology and critical mineral sectors. Eligible projects involve investments in manufacturing equipment, processing facilities, and related technologies.

Acquisition of new machinery and equipment for manufacturing or processing.
Installation of industrial robots used in electric vehicle manufacturing.
Procurement of vats for processing cathode active materials.
Procurement of specialized tools such as molds for copper ingot casting.
Use of vehicles designed for manufacturing plants or mining sites.

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This grant encourages capital investment in clean technology manufacturing, processing, and critical mineral extraction in Canada. It provides a refundable tax credit for eligible activities from January 1, 2024, to December 31, 2034.

The CTM ITC is administered by the Canada Revenue Agency (CRA).
Changes to provisions may take effect retroactively as per proposed legislative changes.
Companies cannot claim multiple Clean Economy ITCs for the same property but can for different properties within a project.
The tax credit percentage decreases over the years: 30% until 2032, 20% in 2032, 10% in 2033, and 5% in 2034.
Eligible taxpayers include Canadian corporations and members of partnerships which are Canadian taxable corporations.
No workforce requirements currently apply to this tax credit.
Eligible goods must be used exclusively in Canada and cannot be previously used or intended for any other purpose before the acquisition.
Specific depreciation categories apply, including machinery, equipment, non-road vehicles, and specialized tools.
If leased, certain rental terms and tenant eligibility requirements must be met.
The capital cost of properties includes all costs incurred to get the property ready for use, less any government or non-government assistance received.
Unpaid portions of capital costs as of 180 days after the fiscal year-end must be excluded from the capital costs but can be added back upon payment.