Value15% refundable ITC (5% without labour election) on capital cost of low/non-emitting generation, stationary storage, and interprovincial transmission; enacted Mar 26, 2026, effective retroactively to Apr 16, 2024 (CAD)
DeadlinesNo application deadline; property must not be part of a project that began construction before Mar 28, 2023; credit unavailable after 2034
RequirementsTaxable Canadian corporations plus Crown/municipal/Indigenous-owned and pension corporations eligible; labour requirements election for full 15%; generation must be low- or non-emitting (waste biomass qualifies, unabated gas does not)
CaveatsSame property cannot claim both Clean Tech ITC and Clean Electricity ITC - one credit per property; domestic-content consultation (Feb-Mar 2026) outcome pending; details verified via May 2026 Fasken guide and Q2 2026 Torys update, canada.ca page 403
Last verified2026-07-26