Clean Technology Investment Tax Credit

Any business incorporated as a taxable Canadian corporation can apply for this credit. Most businesses are eligible, and Ayming guides you through the process, helping you claim every dollar available. We ensure you understand which investments qualify and how to take full advantage of this powerful incentive.

With the Clean Technology Investment Tax Credit, you can earn a refundable credit of 20% or 30%, depending on your labour requirements. Even if your project doesn’t meet the full labour threshold, you still benefit from a 20% credit. Ayming works with you to structure your investments strategically, so you capture the highest return available and fully leverage this incentive to drive your clean tech goals forward.

To claim the Clean Technology Investment Tax Credit, you need to meet three key labour requirements: wages, collective agreements, and apprenticeships.

• Wage Requirements: Pay covered workers at a designated work site according to an eligible collective agreement for preparing or installing specified property.
• If no collective agreement applies: Ensure workers are paid wages and benefits including vacation, pension, health, and welfare that match a similar agreement for their role, experience, and location. Overtime is excluded.
• Apprenticeship Requirements: Make reasonable efforts for Red Seal apprentices to work at least 10% of the total hours contributed by Red Seal workers at the designated site. Exceptions apply if laws or agreements limit the percentage.

Ayming guides you through these rules and helps structure your projects so you meet both wage and apprenticeship requirements. That way, you can confidently claim the credit you’re entitled to.