ATTENTION DEVELOPERS
This page is not live.
Please update and publish the D7 version of the page to update the live site.
EN: https://nrcan.gc.ca/taxes/income-tax/corporation-income-tax/federal-tax-credits/clean-economy-investment-tax-credits-itcs/carbon-capture-utilization-and-storage-ccus-investment-tax-credit-itc-our-review-and/carbon
FR: https://rncan.gc.ca/impots/impot-sur-le-revenu/impot-sur-le-revenu-des-societes/credits-dimpot-federaux/credits-dimpot-linvestissement-cii-dans-leconomie-propre/credit-dimpot-linvestissement-cii-pour-le-captage-1
NRCan and the CRA each have different responsibilities in the CCUS ITC evaluation process.
-
NRCan is responsible for:
- Receiving project plans
- Issuing initial project evaluations
- Issuing revised project evaluations
-
The CRA is responsible for:
- Determining (in consultation with NRCan) whether a CCUS project constitutes one project or multiple projects
Steps of evaluation process
-
Determination of one or multiple projects (CRA in consultation with NRCan)
- Review and determination of whether a CCUS project is a single project or multiple projects
- A determination that one or more CCUS projects is one project or multiple projects can occur:
-
At any time before an initial project evaluation has been issued
-
If the Minister of Natural Resources has requested a revised project plan, after the revised project plan has been submitted but before a revised project evaluation has been issued
- The CRA will inform you of the project determination decision
- For each project determined, a project plan must be submitted no later than 180 days after the determination is made
-
Evaluation of project plan submission (NRCan)
- Review of:
- CCUS process
- CCUS property
- Review of detailed technical documentation included in submission to evaluate whether property is expected to be CCUS property, consistent with the technical guidance
- Clarification or additional information and documentation may be requested if the submitted documentation is not sufficient to complete an evaluation
-
Issuance of project evaluation (NRCan)
- Initial and revised project evaluations are uploaded in the secure portal
- You can review your project evaluation within the secure portal
- In order to claim the CCUS ITC, you must be issued an initial project evaluation for each qualified CCUS project