Clean Economy ITCs news and updates

Welcome to the second edition of the Clean Economy Investment Tax Credits (ITCs) quarterly newsletter where we bring the latest and most relevant information about the clean economy landscape directly to your mailbox.

Latest news

What Bill C-15 means for Clean Economy ITCs

The recent passage of Bill C-15 brings the Clean Electricity ITC into effect and enhances three of the previously enacted ITCs.

The newly legislated Clean Electricity ITC is a refundable tax credit of up to 15% of the capital cost of eligible clean electricity property such as solar panels or wind turbines. The new ITC is available, retroactively, for property purchased and available for use on or after April 16, 2024 as long as the project’s construction began after March 28, 2023. It also expands certain eligibility requirements such as to allow provincial and territorial Crown corporations to apply for the credit.

In addition, Bill C-15 extends full credit rates for the Carbon Capture, Utilization, and Storage ITC an additional five years until 2035.

The legislation also expands the eligibility, retroactively, for the following ITCs:

• The Clean Technology ITC now includes systems that produce electricity and/or heat from waste biomass.
• The Clean Technology Manufacturing ITC now includes qualifying equipment used in eligible polymetallic mining projects and expands the list of critical minerals eligible for the credit.

To see all of the changes in one place, check out our new Bill C-15 video in the Clean Economy multimedia gallery.

Web page updates

We are committed to continually improving our web pages to make sure they are providing you with everything you need to know. In the past few months we have made the following changes:

• Our labour requirements for workers webpages now include additional clarity on when labour requirements apply, what they mean to workers, and how to report non-compliance.
• Our Carbon Capture, Utilization, and Storage (CCUS) Investment Tax Credit webpages now provide clearer guidance about your reporting responsibilities after claiming the ITC.

Did you know…

Clean Technology ITC claim trends

As we receive more Clean Technology ITC claims, some recurring trends and common issues have emerged. Here are some tips and tricks to keep in mind when submitting a claim:

• If you are claiming the credit through a partnership, confirm your partnership agreement matches how the ITC will be shared among partners in your ITC claim.
• You cannot claim electric road vehicles, including electric bikes for the Clean Technology ITC.
• Property that is for personal use does not qualify for a Clean Economy ITC credit.

Strengthening and expanding partnerships

Stakeholder engagement

In 2026, we are continuing to work closely with stakeholders, other government departments, and potential claimants to deliver educational sessions designed to increase awareness of the ITCs. Most recently we’ve collaborated with sustainable Canadian real estate companies, Natural Resources Canada (NRCan), Invest in Canada, and Environment and Climate Change Canada. 

Connect with us

We offer personalized information sessions to businesses, industry associations, and financial institutions. We are always looking to develop new partnerships with organizations and associations supporting businesses investing in clean economy projects. For more information and to contact us, visit our Clean Economy education and outreach webpage.

Upcoming webinars

In collaboration with NRCan, we offer free general webinars about our program and specific ITCs to help businesses learn more about our credits. Our next sessions are  about the Clean Technology ITCs:

• May 12, 2026 at 1 pm Eastern time (English)    
• May 14, 2026 at 1 pm Eastern time (French)

Register for an upcoming session today.

In case you missed it

We have a new webpage for Clean Economy ITCs news and updates. If you missed our first newsletter you can go back to read it on that page. It will also be the place to check for legislative updates and new guidance.

Spread the word!

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In this edition, we will share important web page updates, provide dos and don’ts to help ensure your Clean Technology Investment Tax Credit (ITC) claims go smoothly, and highlight news you might have missed.

We look forward to keeping you informed with the latest updates and practical guidance, to help you navigate the evolving clean economy landscape.

Latest news

Budget 2025

Budget 2025 announced several changes to the Clean Economy ITCs to ensure they remain competitive and effective in attracting investment and well-paying jobs to Canada.

Stay tuned to our next issue where we’ll outline what these changes mean for you.

Web page updates

We are committed to continually improving our web pages to ensure they remain up-to-date, accurate, and accessible. In the past few months, we have updated and refined the Clean Economy webpages, including:

• Updating our labour requirements for incentive claimants web pages to include clearer guidance on when labour requirements apply, what records to keep, and information on the consequences of non-compliance
• Publishing Schedule 78, Carbon Capture, Utilization, and Storage Investment Tax Credit, which is used to calculate your CCUS ITC

Dos and don’ts for claiming the Clean Technology ITC

As the volume of Clean Technology ITC claims continues to increase, we have identified some recurring trends and common issues. Here are some dos and don’ts to help ensure a smooth and timely review of your Clean Technology ITC claim:

Do…

• Ensure the property you are claiming was acquired and available for use on or after March 28, 2023
• Ensure you disclose all government or non-government assistance you have received
• Ensure you are paying covered workers according to the appropriate collective agreement that applies to them, if you are electing to meet the labour requirements
• Go to canada.ca/clean-economy-credits for all the up-to-date information you need to submit a complete and accurate claim

Don’t…

• Claim property that is intended for personal use
• Rely on others to keep appropriate supporting documentation to confirm you have met the labour requirements

Strengthening and expanding partnerships

Connect with us

We are continuously strengthening existing relationships and forging new partnerships with organizations and associations that support companies investing in Clean Economy projects.

Our outreach activities offer information sessions to businesses, industry associations, and various professional or financial institutions. Contact us today at CleanEconomyInformation-InformationEconomiePropre@cra-arc.gc.ca to schedule a session tailored to your needs.

Stakeholder engagement

Throughout the year, we worked closely with stakeholders, other government departments, and potential claimants to deliver educational sessions designed to increase awareness and uptake of the ITCs.

In January 2025, we partnered with Environment and Climate Change Canada to provide their stakeholders with an overview of the ITCs. We are scheduled to meet with them again in January 2026 to deliver a one-year update on the ITCs.

In December 2025, we partnered with Natural Resources Canada (NRCan) to share a one-year update at the Canadian Tax Foundation’s 77th Annual Tax Conference in Calgary, Alberta.

Engagements with international and domestic companies

Through our partnership with Invest in Canada, we have provided one-on-one information sessions to companies from the Netherlands, Italy, the United States, and Canada. These sessions are typically tailored for companies with established project plans seeking to understand how the ITCs align with their objectives.

Canada Climate Week Xchange

In collaboration with Chartered Professional Accountants Canada, we presented a “one year in” session, as part of Canada Climate Week Xchange, in November 2025. This free session was open to the public, and drew over 1,100 participants.

Upcoming webinars

In collaboration with NRCan, we offer free webinars through the Microsoft Teams platform to help businesses gain a deeper understanding of our credits. Register for an upcoming session today.

In case you missed it

Clean Economy multimedia gallery

Did you know our multimedia gallery features various educational products such as recorded presentations and infographics, to help you navigate the Clean Economy ITCs?

Check out our recently published recorded presentations:

• Clean Technology ITC
• Clean Technology Manufacturing ITC
• Carbon Capture, Utilization and Storage ITC

These presentations offer a general overview of each ITC, including information on eligible property, how to claim, and labour requirements, if applicable. Stay tuned as more products become available.

Spread the word!

We hope you enjoyed this first edition of our newsletter.

Share this email with a colleague and encourage them to sign up for the Clean Economy electronic mailing list.