Who can claim

To claim the CT ITC, you must be:

• A taxable Canadian corporation (including a taxable Canadian corporation that is a member of a partnership)

• A mutual fund trust that is a real estate investment trust (including such a trust that is a member of a partnership)

Employers who elect to meet the labour requirements can avoid claiming the reduced tax credit rate.

Refer to: Avoid the reduced tax credit rate for clean economy ITCs

Claiming one or more ITCs

You are able to claim both the CT ITC and the Atlantic investment tax credit.

You can generally claim only one of the clean economy ITCs for the same eligible property. For example, you cannot claim the CT ITC if you claim the Carbon Capture, Utilization, and Storage (CCUS) ITC on the particular property.

You may claim multiple clean economy ITCs for the same project, if the project includes different types of eligible property.