Investment tax credits
Resources
Secure generous Tax incentives
The new Investment Tax Credits (ITCs) for the clean economy are finally here. From wind and solar to carbon capture and sequestration, generous incentives are available for companies who are building the clean economy, and creating good jobs. Learn more about the ITCs that are available and how you can claim the maximum benefit for your organization.
Looking for eligible collective agreements?
Investment tax Credits
eligible projects
Only certain types of projects are eligible for the new tax incentives which are tied to labour requirements.
To determine whether your project is eligible under the new Investment Tax Credits, you should consult with Canada Revenue Agency and Natural Resources Canada to ensure your project meets the criteria.
Clean Technology ITC
From wind and solar power to small modular reactors, the Clean Technology ITC provides generous tax incentives for organizations. Learn more about which projects are eligible.
Carbon Capture, Utilization, and Storage ITC
Investments in technologies that capture CO2 emissions to either store or use in industry are eligible for generous incentives. However, the projects must be pre-approved. Learn about the approvals process.
Clean Hydrogen ITC
Investments in clean hydrogen projects will be eligible for generous incentives, and program rules are being developed. Get answers on the Clean Hydrogen ITC here.
Meet the labour conditions. Maximize your benefit.
To claim the maximum benefit, your organization must meet the labour conditions.
If you choose not to meet the labour conditions, your tax benefit will be cut by 10%.
Prevailing Wage REQUIREMENT
Apprenticeship requirement
Investment tax Credits
Keep it simple. Hire unionized.
The easiest way to ensure you’re maximizing your tax benefits and simplifying your compliance process is to hire a signatory unionized contractor, or sign a collective agreement.
By hiring union, you’ll ensure that you’re meeting the labour requirements, all while ensuring your project is delivered on time, and to the highest quality and safety standards.
