Clean Technology Manufacturing Investment Tax Credit

You must be a taxable Canadian corporation. The property must not have been used before you acquired it. It must be situated in Canada and intended exclusively for use there.

At least 90% of the property's use must be for one of two purposes. The first is manufacturing or processing listed zero-emission technology: solar, wind, water or geothermal energy equipment; heat pumps; electricity storage; charging, hydrogen or qualifying zero-emission vehicle equipment; specified vehicle powertrain components; or nuclear-energy equipment and fuel. Converting a vehicle into a qualifying zero-emission vehicle also counts, but making general-purpose components does not.

The second purpose is extracting, processing or recycling a qualifying mineral, or carrying out the listed graphite activities. The qualifying materials are lithium, cobalt, nickel, copper, rare earth elements, graphite, antimony, gallium, germanium, indium and scandium. For extraction and initial processing at a mine or well site, at least 50% of all commercial output by value must be qualifying materials. An independent engineer or geoscientist must certify that the property is or will be used at that site as part of a plan targeting those materials. The covered later processing, recycling and graphite activities require at least 90% qualifying output by value.

You generally cannot claim another of Canada's clean-economy investment tax credits for the same property.

Status

Doorlopend open

Calculate the credit and claim it on your corporate income tax return using the Canada Revenue Agency instructions.