Canada: New clean energy measures
New enhancements to the clean technology investment tax credit and clean technology manufacturing investment tax credit.
Enhancements to the clean technology investment tax credit (CT ITC) and clean technology manufacturing investment tax credit (CTM ITC)—enacted on March 26, 2026:
- Extend filing deadlines to December 31, 2026
- Allow certain newly acquired refurbishment property to qualify
- Expand the eligibility of the CT ITC to include waste biomass electricity and heat generation equipment
- Permit property used in connection with certain mineral extraction or processing activities to produce a lesser proportion of qualifying materials and still qualify as a CTM use
- Expand the list of critical minerals that qualify for the CTM ITC
Read an April 2026 report prepared by the KPMG member firm in Canada