Clean Technology Investment Tax Credit
“Environment and Climate Change Canada | Environnement et Changement climatique Canada”
The funder does not disclose this information
Maximum Eligible Amount
Tax Credit
Fund Type
Expanding eligibility for the refundable Clean Technology Investment Tax Credit to include geothermal energy systems, further supporting the growth of Canada’s clean technology sector.
These Clean Investment Tax Credits, which total over $60 billion over the coming ten years, will support green innovation in the private sector, grow our economy, and create or secure thousands of good middle-class jobs. Budget 2023 also included $20 billion toward the Canada Infrastructure Bank to support the building of major clean-electricity and clean-growth infrastructure projects. To further invest in a clean electricity grid, Budget 2023 also included $3 billion to the Smart Renewables and Electrification Pathways Program; the Smart Grid program to continue to support electricity grid innovation; and other science-based activities to help capitalize on Canada’s offshore wind potential. Budget 2023 investments in abundant and low-cost clean electricity will underpin other investments needed to create hundreds of thousands of middle-class jobs, provide the energy that will power our daily lives and the entire Canadian economy, and provide more affordable energy to millions upon millions of Canadian homes.
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