Get ready to claim

Prepare your claim and, if you want, elect to meet the labour requirements to get the regular credit rate for the Clean Electricity ITC.

If your project includes different types of property, you may be able to claim multiple Clean Economy ITCs for the same project.

Refer to: Claiming one or more ITCs

Tax-exempt entities

To claim the Clean Electricity ITC, qualifying corporations must have a business number with the “corporation income tax - RC” program account type. For more information, go to: Corporation income tax program account.

Avoid the reduced credit rate

You must elect to meet the prevailing wage requirements and apprenticeship requirements (the labour requirements) to benefit from the regular credit rate of the ITC.

If you elect to meet the labour requirements but fail to do so, there are financial consequences for non-compliance. Responsibility for satisfying the labour requirements is on the claimant or a partnership where at least one partner is claiming the Clean Electricity ITC.

If you do not elect to meet the labour requirements, the credit rate will be reduced by 10 percentage points.

Refer to Avoiding the reduced tax credit rate for Clean Economy ITCs.