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policy instrument · 1 January 2022
Canada Carbon Capture, Utilization and Storage Investment Tax Credit (CCUS ITC)
Jurisdiction countryCanada
Instrument typetax-credit
Authoritygovernment
PathwaysDirect air capture
Scopecarbon removal and point-source capture
Sunset date2040-12-31
Statusin-force
Rate noterates apply to eligible expenses 2022–2030 and halve for 2031–2040
Eligible storage jurisdictionsAlberta, Saskatchewan, British Columbia
Refundabletrue
Legislated viaBill C-59 (royal assent 2024-06-20), retroactive to 2022-01-01
Stated jurisdictionCA
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