Summary of CRA's interim guidance for filing Clean Economy Investment Tax Credit claims before the publication of final regulations. Key filing instructions, required forms, and documentation standards.
Filing Under Interim Guidance
CRA published interim ITC filing instructions to allow project developers to file claims before the publication of final regulations. The interim instructions address: which forms to file, how to calculate eligible costs, how to document prevailing wage and apprenticeship compliance, and what to expect from CRA's review process.
Key Forms
- Schedule 31 (Investment Tax Credit — Corporations) — primary ITC claim form
- T2 Schedule 11 (Transactions with Shareholders, Officers or Employees) — if applicable
- Form T1145 / T1146 — for certain ITC transfer elections
Documentation Standards
CRA's interim guidance specifies that ITC claimants must maintain documentation sufficient to support the claim at audit, including cost segregation analysis, evidence of property acquisition and commissioning, and (for enhanced rate claims) certified payroll records and apprenticeship documentation.