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<!DOCTYPE html>
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<title>Carbon Capture, Utilization, and Storage (CCUS) Investment Tax Credit (ITC) with NRCan - Canada.ca</title>
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<h1 property="name" id="wb-cont" class="gc-thickline">Carbon Capture, Utilization, and Storage (CCUS) Investment Tax Credit (ITC) with NRCan</h1>
<p>The CCUS ITC is a refundable tax credit that applies to eligible expenditures incurred for a qualified CCUS project, from January 1, 2022 to December 31, 2040. It is for capital invested in qualified CCUS projects with the goal of reducing emissions by at least 15 megatonnes (Mt) of carbon dioxide (CO<sub>2</sub>) annually. </p>
<p>This ITC is related to the acquisition of property used to capture CO<sub>2</sub> emissions from fuel combustion, industrial processes, or directly from the air, to transport, store, or use that captured carbon in industry.</p>
<p>The CCUS ITC is a partnership between Natural Resources Canada (NRCan) and the Canada Revenue Agency (CRA).</p>
<h2 class="h3">On this page</h2>
<ul>
<li><a href="#roles">Roles of NRCan and CRA</a></li>
<li><a href="#process">The complete CCUS ITC process</a></li>
<li><a href="#guides">NRCan's guides and applications</a></li>
</ul>
<h2 id="roles">Roles of NRCan and CRA</h2>
<p>NRCan and the CRA each have different roles in the CCUS ITC process.</p>
<ul class="list-unstyled cnjnctn-type-and cnjnctn-sm">
<li class="cnjnctn-col">
<h3 class="mrgn-tp-sm text-muted">NRCan's role</h3>
<p>Provides:</p>
<ul><li>Pre-screening questionnaire</li><li>Project plan submission portal</li> <li>Scientific, engineering, and technical guidance</li></ul>
</li>
<li class="cnjnctn-col">
<h3 class="mrgn-tp-sm text-muted">CRA's role</h3>
<p>Provides:</p>
<ul>
<li>Ability to claim the credit on a corporate income tax return</li></ul>
</li>
</ul>
<h2 id="process">The complete CCUS ITC process</h2>
<p>The complete CCUS ITC process includes:</p>
<ul>
<li>Who can claim</li>
<li>Prepare and submit your project application</li>
<li>Get ready to claim</li>
<li>Calculate and claim the credit</li>
<li>After you claim</li>
<li>Contact us</li>
</ul>
<p>Refer to: <a href="https://cra-proto.github.io/clean-economy/subway/ccus-index.html">Carbon Capture, Utilization, and Storage (CCUS) Investment Tax Credit (ITC)</a></p>
<h2 id="guides">NRCan's guides and applications</h2>
<p>The following guides and applications are part of the complete CCUS ITC process.</p>
<p>To understand how NRCan's guides and applications fit into the complete CCUS ITC process, refer also to:</p>
<p><a href="https://cra-proto.github.io/clean-economy/subway/ccus-index.html">Carbon Capture, Utilization, and Storage (CCUS) Investment Tax Credit (ITC)</a></p>
<h3>Project plan submission documentation [Appendix A]</h3>
<p>Use this document which provides a list of attachments likely to be needed for FEED study and project plan submissions.</p>
<p><a href="#">[Review project plan submission documentation]</a></p>
<h3>Pre-screening questionnaire</h3>
<p>Determine your company and project eligibility by taking a pre-screening questionnaire intended to verify some elements of eligibility to submit a project plan.</p>
<p><a href="#">[Take the pre-screening questionnaire]</a></p>
<h3>CCUS ITC Technical Guide</h3>
<p>Review specfic technical guidance on CCUS property and eligible boundaries of CCUS process.</p>
<p><a href="#">[Review the CCUS ITC technical guide]</a></p>
<h3>Project plan submission portal</h3>
<p>Submit your project plan through NRCan's secure portal, and include detailed technical and engineering project documents necessary for NRCan to conduct an initial project evalution.</p>
<p><a href="#">[Submit your project plan using the secure portal]</a></p>
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<dt>Date modified: </dt>
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<time property="dateModified">2024-01-17</time>
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