Clean Economy Investment Tax Credits
The Clean Economy ITCs are refundable federal tax credits designed to encourage Canadian businesses to invest in clean technology, clean electricity, clean hydrogen, carbon capture, and clean technology manufacturing. Rates ranging from 15% to 60% depending on the type of investment and compliance with labour requirements. These credits are part of Canada’s strategy to achieve net-zero emissions by 2050 while supporting economic growth and green innovation.
Businesses claim the credits through their annual T2 Corporation Income Tax Return or T3 Trust Income Tax and Information Return.
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