Clean Economy ITCs
What are the Clean Economy ITCs
Canada has launched a landmark $93 billion clean economy initiative through a suite of Investment Tax Credits (ITCs) aimed at accelerating the path to net zero by 2050. If you're investing in clean technology, carbon capture, hydrogen production, or clean manufacturing—these refundable tax credits can significantly reduce your capital costs.
Details
The Clean Economy ITC program provides a refundable (cash) credit for expenditures in four distinct categories; Clean Technology, Clean Technology Manufacturing, Hydrogen, and CCUS (Carbon Capture, Utilization, and Storage).
All Taxable Corporations in Canada are eligible to claim with rates of return ranging from ~30% - 60% depending on the category and labour requirement compliance.
Clean ITCs are claimed with the corporate income tax return for the fiscal year and are subject to a review and audit process managed by the CRA.
Where we come in
At Copoint, we’ve built a reputation as one of Canada’s leading SR&ED tax credit advisors. With the government now expanding its clean economy incentives, your business needs a strategic partner who understands complex eligibility rules, tax filing procedures, and technical documentation—not just a general accountant or claims processor.
These new ITCs operate much like SR&ED, with Detailed technical justification requirements, Multi-agency reviews (CRA + Natural Resources Canada), Capital expenditure tracking, Multi-year compliance needs
We help you navigate it all.
Quick info
Clean Technology (CT) ITC
- 30% refundable credit for adopting clean technologies
- Fully available now for investments made through 2034
- Includes solar, wind, energy storage, and more
Clean Technology Manufacturing (CTM)
- 30% refundable credit for manufacturing and processing equipment
- Focused on clean tech, batteries, and critical minerals
- Applications open Fall 2024
Clean Hydrogen ITC
- Up to 40% refundable credit, based on carbon intensity of hydrogen
- Available Fall 2024, with NRCan-administered technical assessments
- Targets clean hydrogen and ammonia production projects
Carbon Capture, Utilization, and Storage (CCUS)
- Up to 60% refundable credit for carbon capture equipment
- Available now for qualified projects from 2022 to 2040
- Requires long-term project operation and NRCan verification
We’re ready to help
Book a call with an expert Copoint advisor
Our multi-disciplinary team of advisors specialize in the unique requirements of the SR&ED and Clean Economy ITC programs.
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