ITCs Just Changed: What Bill C-15 Means for Your Projects
LCAB Newsletter Issue 006 — April 2026
Bill C-15 has received Royal Assent, bringing significant amendments to Canada's Clean Economy Investment Tax Credit framework. Project developers need to understand what changed, what stayed the same, and how to update their compliance strategies accordingly.
Key Changes Under Bill C-15
Bill C-15 refined the definitions of eligible property, clarified the treatment of certain CCUS expenditures, and adjusted the interaction between the Clean Electricity ITC and provincial electricity regulatory frameworks. It also addressed the treatment of labour requirements for projects that straddle different tax years.
What Project Developers Should Do Now
Review your project's eligible cost classification against the updated definitions. If your project was designed around the pre-Bill C-15 framework, you may need to update your SOP and compliance documentation. LCAB's advisory team can help you assess the impact on your specific project.
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