How and when to claim the credit
Whether you are a taxable Canadian corporation or a taxable Canadian corporation that is a member of a partnership, you can claim the credit in the tax year in which the property becomes available for use, provided that all relevant requirements are met.
You claim the credit with your corporate income tax return.
If your project includes different types of eligible property, you may be able to claim multiple ITCs for the same project.
Refer to: Claiming one or more ITCs
Corporation
A corporation claiming the Clean Hydrogen ITC must include:
- Details of how the ITC was calculated:
- Form T2SCH31, Schedule 31, Investment Tax Credit - Corporations:
- The ITC claim for Clean Hydrogen is at line 140 of Schedule 31 (T2SCH31)
- Ensure this amount is included in the total on line 780 of your T2 Corporation Income Tax Return
A corporation that is a member of a partnership must also include any allocated amounts related to the Clean Hydrogen ITC from the partnership. Usually the allocated amonts are included on a T5013 slip, Statement of Partnership Income.
The above schedule and details should be filed with your T2 Corporation Income Tax Return for the year, using the same method you use to file your taxes.
Partnership
The Clean Hydrogen ITC can be allocated to members of a partnership that are taxable Canadian corporations or partnerships that have taxable Canadian corporations.
The partnership must:
- File the details of how the ITC was calculated:
- Complete Form T5013SCH74, Schedule 74, Clean Hydrogen Investment Tax Credit. Provide a copy of these details to members of the partnership
- Provide a T5013 slip, Statement of Partnership Income to each member:
- A partnership must provide a completed version of this form to each member to notify them of their allocated share for the year of:
- The Clean Hydrogen ITC (box 294)
- Labour requirements addition to tax (box 295)
- Clean Hydrogen ITC recapture (box 297)
- Clean Hydrogen recovery tax (box 296)
- A partnership must provide a completed version of this form to each member to notify them of their allocated share for the year of:
Taxable Canadian corporations that are members of the partnership must file the appropriate Clean Hydrogen ITC information. Refer to the Corporation tab for details.
Due date to file for the credit
You must file by the filing due date of your T2 Corporation Income Tax Return.
Refer to: When to file your corporation income tax return
The CRA may accept late filing of the appropriate information, if filed by the later of:
- December 31, 2026
- One year after the filing due date
Provide appropriate information with your return
Claimants are responsible for the information in their claim. Whether you prepare the claim yourself or it is done by someone else on your behalf, check that your claim is complete, accurate, and supported by evidence before you submit it.
As an electronic software version of the form is available (Schedule 74), you must complete the form electronically and file it using the same method you use to file your T2 Corporation Income Tax Return.