Canada now has an Investment Tax Credit (ITC), as Bill C-59 passes

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Canada now has an Investment Tax Credit (ITC), as Bill C-59 passes

posted on Jun 20, 2024 09:28AM

The passing of Bill C-59 introduces Canada’s Clean Technology Investment Tax Credit, incentivizing substantial investments in renewable energy and energy storage to enhance economic and environmental goals.

By DERICK LILA 16 HOURS AGO

This legislation offers a much-needed refundable tax credit covering 20 to 30 percent of capital costs for investments in wind, solar, and energy storage projects.