Happy Holidays 2025: A Year of Progress for Canada's Clean Economy ITCs

LCAB Newsletter Issue 004 — December 2025

As 2025 closes, Canada's Clean Economy ITC framework is substantially more mature than it was 12 months ago. Bill C-59 enacted the core credits, CRA published interim guidance, and project developers across Canada began filing their first ITC claims in earnest.

2025 Highlights

CRA's interim ITC filing instructions gave developers a clear path to filing before final regulations
First Clean Technology ITC claims processed and refunded
Prevailing wage and apprenticeship requirements came into force for enhanced-rate claims
Growing number of EPC contractors implementing SOP-compliant labour tracking systems

Looking ahead to 2026: Bill C-15 will bring further refinements, and LCAB expects continued growth in both ITC claim volume and compliance complexity.

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