Get ready to claim

Prepare your claim and if you choose, elect into the labour requirements to get the regular credit rate for the Clean Hydrogen 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

Avoid the reduced credit rate

You must elect to meet certain labour requirements for prevailing wages and apprenticeship standards 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 corporation claiming the credit or a partnership where at least one partner is claiming the Clean Hydrogen ITC.

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

The labour requirements apply to covered workers for work that is performed on or after November 28, 2023.

Refer to: Labour requirements for clean economy investment tax credits