Carbon Capture, Utilization and Storage (CCUS) Investment Tax Credit
Canada Revenue Agency / Natural Resources Canada
Regular rates for expenditures incurred 2022 to 2035: 60% for carbon captured directly from ambient air, 50% for carbon captured from other sources, 37.5% for transportation, storage or use; 2036 to 2040: 30%, 25% and 18.75% respectively
Refundable credit for eligible expenditures on equipment that captures CO2 for permanent storage or eligible use (such as concrete). Natural Resources Canada evaluates project plans; CRA handles claims.
Open the official page ↗How to apply
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Who qualifies
Qualified CCUS projects with eligible expenditures from January 1, 2022 to December 31, 2040. The ITC is available to the extent that 10% or more of captured CO2 is used in an eligible use (geological storage in dedicated sites, concrete production in Canada or US with a qualified process). Enhanced oil recovery and other uses are currently ineligible.
Good to know
- Funding: Rates shown are the regular rates (reduced rates apply if labour requirements are not met). Refurbishment expenditures are limited to 10% of total qualified CCUS expenditures before commercial operations.
- Notes: Rate table rows read as cells: 60%/30% ambient air; 50%/25% other capture; 37.5%/18.75% transport, storage or use.
Evidence from the official page
- amount“Qualified carbon capture expenditures incurred to capture carbon directly from ambient air” source ↗
- amount“Qualified carbon transportation, storage, or use expenditures” source ↗
- deadline“from January 1, 2022 , to December 31, 2040” source ↗
Verified 2026-10-08 · High confidence. Always confirm on the official page before applying.