Lifecycle
- Effective
- Last change
Country / jurisdiction: Canada · Year: 2022 · Status: In force · Level: State/Provincial · Type: Voluntary
Canadian Controlled Private Corporations (CCPC’s) that invest in equipment that generates or conserves renewable-source energy (including green hydrogen and ammonia), uses fuels from waste, or makes efficient use of fossil fuels may be entitled to a credit equal to 20% of the capital cost of that equipment.
The equipment must be located in and for use in a business operated in the province. The credit is calculated based on the corporation's capital cost of eligible property.
Official source: https://www.gov.nl.ca/fin/tax-programs-incentives/business/green-tech-tax-credit-gttc/
Source
https://www.iea.org/policies/28601Canonical document at the regulator. Always cite this URL — not the Vantage detail page — in compliance evidence.