30% Tax Credits

With Clean Technology Investment Plan for Businesses

Clean Technology Investment

Tax Credit

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30% of the solar installation cost

Only Canadian companies adopting clean technologies

Clean Technology Investment 
Tax Credit

The Canadian Federal Budget 2023, announced on March 28, 2023, included the introduction of the Clean Technology Investment Tax Credit and the Clean Electricity Investment Tax Credit. These incentives have a significant impact on businesses as they enable deductions for costs associated with renewable energy, thereby enhancing the long-term efficiency of business operations.
Under the Clean Technology Investment Tax Credit, profit-making businesses can receive a refundable incentive of 30% of capital investment costs, motivating them to shift towards clean energy. Eligible investments include installing solar panels and wind power, energy storage, electric vehicles, and clean hydrogen.

Learn more about this Tax Credit



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