ValueRefundable ITC: 50% on capture equipment (60% direct air capture), 37.5% on transport/storage/use equipment; full rates extended through 2035 by Bill C-15 (Royal Assent Mar 26, 2026), half rates 2036-2040; EOR projects added Apr 28, 2026 at half rates (CAD)
DeadlinesNo application deadline; full rates for expenditures through Dec 31, 2035; halved 2036-2040
RequirementsTaxable Canadian corporation; captured CO2 must go to eligible use (dedicated geological storage in designated jurisdictions, storage in concrete, or newly EOR); project plan filed with NRCan; labour requirements for full rate; knowledge-sharing and climate disclosure for larger projects
CaveatsDedicated geological storage currently limited to designated provinces (AB, SK, BC) - Ontario storage not eligible; selling captured CO2 as food-grade product is NOT an eligible use, so food-grade CO2 lines likely fail the eligible-use test; canada.ca page blocked direct fetch, verified via 2026 legal analyses
Last verified2026-07-26