ITC Insights from Budget 2025
LCAB Newsletter Issue 003 — November 2025
Canada's 2025 Federal Budget included several provisions affecting Clean Economy ITC eligibility, credit rates, and compliance requirements. LCAB's advisory team has analyzed the budget's ITC-related measures and their implications for project developers.
Key Budget Measures for Clean Economy ITCs
The 2025 Budget confirmed continued government commitment to all five enacted Clean Economy ITCs, with no rate reductions or eligibility restrictions. Budget measures also addressed coordination between the ITC and provincial carbon pricing mechanisms, and clarified treatment of certain battery storage configurations under the Clean Technology ITC.
What This Means for Project Planning
The budget provided additional certainty for projects in the planning and financing phases. Project developers can proceed with confidence that the current ITC rate structures and prevailing wage requirements remain in force through the budget period.
Back to newsletter archive | Contact LCAB