Administered by Canada Revenue Agency · Funded by Government of Canada · Finance / CRA
30% refundable investment tax credit on eligible clean technology equipment — solar, wind, storage, low-carbon heat, industrial ZEV, and small modular reactors.
The federal Clean Technology ITC provides a 30% refundable credit on the capital cost of eligible clean technology property acquired and available for use between March 28, 2023 and end of 2033 (declining to 15% for 2034). Available to taxable Canadian corporations.
The total program pool, per-organization max, and what your contribution has to be.
This program does not publish an aggregate annual funding pool.
30% refundable credit on the capital cost of eligible clean technology property. No dollar cap per company — you claim 30% of whatever qualifying equipment you deploy. Rate drops to 15% in 2034 and phases out after.
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If you're deploying eligible clean tech equipment, this is close to free money — 30% refundable, no application, claimed on the T2. The trick is the eligibility definitions: not every 'clean' technology qualifies. Get the property classification right up front, and coordinate with any provincial equivalents to avoid stacking limits.
The practical sequence, from a firm that files these claims every week.
Not every 'clean' asset qualifies. Confirm the equipment falls within the CCA class 43.1/43.2 or the specifically-listed Clean Tech ITC-eligible categories: solar, wind, geothermal, storage, low-carbon heat, industrial ZEV, small modular reactors.
The asset must be acquired AND available for use during the fiscal year of claim. Ordering an asset that arrives after year-end pushes the claim to the next year.
The 30% refundable Clean Tech ITC is claimed on schedule T2SCH31 (shared with SR&ED but different lines). Cross-reference against CCA schedule.
Attach to the T2 filing. Refund typically arrives within 60–120 days post-filing for clean claims.
What you need ready before you apply.
Applications, approvals, and dollars funded across recent cycles.
Live estimator using this program's rate and cap. Drag the slider to see the impact on your project.
Enter the total cost of the project you want to fund with Clean Tech ITC. We'll estimate the grant amount, your matching contribution, and your net cost.
Estimates are illustrative — actual funding depends on eligibility, cost classification, and review outcomes. For a firm quote, book a call with our team.
GovMoney's team can prepare, submit, and defend your Clean Tech ITC application end-to-end.
PhDs, CPAs, and ex-CRA auditors prepare, submit, and defend your application — audit-ready, on a success-fee basis. You stay focused on the business; we handle the forms, the narrative, and the back-and-forth with the agency.
Book a free consult →Questions we get from applicants every week.
Solar PV systems, wind turbines, hydroelectric equipment, geothermal, energy storage (grid-connected and behind-the-meter), industrial zero-emission vehicles, low-carbon heat equipment (including certain heat pumps), and small modular nuclear reactors. Class 43.1/43.2 is the tax classification anchor.
They apply to different expenditures — SR&ED is R&D labour and materials, Clean Tech ITC is capital equipment. If your R&D produced a clean tech product AND you deploy that product, both credits can apply on different line items. Coordinate with a tax advisor to avoid double-counting.
30% rate applies for property acquired and available for use between March 28, 2023 and December 31, 2033. The rate declines to 15% for property placed in service in 2034, and phases out after that. Backdated planning to capture the 30% rate before the step-down is a common strategy.
Changes to the program tracked by our team.
Budget 2026 confirmed Clean Tech ITC will remain at 30% through 2033 with no early phase-down. Class 43.1/43.2 eligibility criteria updated to include additional grid-forming storage categories.
Combinations our team files together for meaningful uplift, with live deadlines.
Three concrete moves. Do them yourself or hand off to GovMoney.
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