The Clean Technology ITC is a refundable tax credit for capital invested in the adoption and operation of new clean technology property in Canada from March 28, 2023, to December 31, 2034. The federal government has proposed changes to certain provisions of the Income Tax Act related to the Clean Economy ITCs that may come into effect retroactively.
Projects include: Clean Technology ITC (up to 30%), Clean Technology Manufacturing ITC (up to 30%), Clean Hydrogen ITC (up to 40%), CCUS ITC (up to 60%), Clean Electricity ITC (up to 15%), Electric Vehicle Supply Chain ITC (up to 10%). Most tax credits are designed to decline over time until 2034.