

Investment Tax Credits
Secure generous Tax incentives
The new Investment Tax Credits (ITCs) for the clean economy are finally here. From wind and solar, to carbon capture and sequestration, generous incentives are available for companies who are building a clean economy and creating good jobs. Learn more about available ITCs and how you can claim the maximum benefit for your organization.
Investment Tax Credits
Eligible Projects
Only certain types of projects are eligible for the new tax incentives, which are tied to labour requirements.
To determine whether your project is eligible under the new Investment Tax Credits, you should consult with Canada Revenue Agency and Natural Resources Canada to ensure your project meets the criteria.
Clean Technology ITC
From wind and solar power to small modular reactors, the Clean Technology ITC provides generous tax incentives for organizations. Learn more about which projects are eligible.
Carbon Capture, Utilization, and Storage ITC
Investments in technologies that capture CO2 emissions to either store or use in industry are eligible for generous incentives. However, the projects must be pre-approved. Learn about the approvals process.
Clean Hydrogen ITC
Investments in clean hydrogen projects will be eligible for generous incentives, and program rules are being developed. Get answers on the Clean Hydrogen ITC here.
Meet the labour conditions. Maximize your benefit.
To claim the maximum benefit, your organization must meet the labour conditions.
If you choose not to meet the labour conditions, your tax benefit will be cut by 10%.
Prevailing Wage Requirement
To meet this requirement, you must pay eligible workers on your project the prevailing wage. The prevailing wage is set by the most-recent multi-employer collective bargaining agreement negotiated with a trade union that is an affiliate of Canada’s Building Trades Unions (CBTU) for a given trade in a region or province (in Manitoba that means Manitoba Building Trades negotiated rates). Beyond paying the prevailing wage, you must ensure all workers are notified that the prevailing wage applies to the project.
Find the Latest Eligible Collective Agreements
Apprenticeship Requirement
Apprenticeship supports growing the skilled trades workforce by training the next generation of journeyworkers. To meet this requirement, at least 10% of the work hours on the project must be performed by registered apprentices. The apprenticeship requirement also includes an obligation to contact our union halls to ensure that you’re making every effort to hire an apprentice, alongside job posting requirements.
Find Out How to Hire Apprentices
Investment tax Credits
Keep it simple. Keep it Union.
The easiest way to ensure you’re maximizing your tax benefits and simplifying your compliance process is to hire a signatory unionized contractor, or sign a collective agreement.
By hiring a union, you’ll ensure that you’re meeting the labour requirements, all while ensuring your project is delivered on time, and to the highest quality and safety standards.
Looking for eligible collective agreements?
Canada’s Building Trades Unions has published the latest eligible collective agreements for easy access by employers and tax professionals through an online portal. By signing up, you’ll ensure you’re using the latest information and get notifications when new collective agreements are updated.