Clean Electricity Investment Tax Credit

The Clean Electricity investment tax credit provides a 15% refundable tax credit to taxable and certain non-taxable corporations for the capital cost of investments in certain low- or non-emitting electricity generation systems, stationary electricity storage systems, and the transmission of electricity between provinces and territories. The credit is generally available as of April 16, 2024, for projects that did not begin construction before March 28, 2023. The credit is unavailable after 2034. Investors have to adhere to certain labour requirements in order to qualify for a 15-per-cent tax credit rate. If the labour requirements are not met, investments would qualify for a 5% tax credit rate.

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