Part of Business tax

Capital Investment Tax Credit (CITC)

This tax credit was phased out effective October 24, 2019 and is not accepting applications.

Intake status: Closed – Applications to register with the program are not being accepted.

Overview

This program is closed and is not accepting new applications.

Effective October 24, 2019, the Capital Investment Tax Credit (CITC) program was phased out.

Budget has been allocated to support participants that have already received conditional approval for capital investments through the program.

Note:

  • No further application intake windows will take place.
  • Applications received through the January 2019 intake will not be processed or approved.

Conditionally approved participants

Tax credits will be honoured for companies that received Conditional Approval Letters through the first 3 intakes of the program that ran:

  • January 16 to February 15, 2017
  • July 17 to September 8, 2017
  • January 15 to March 16, 2018

Companies with conditional approval will still need to follow the guidelines for reporting on progress and applying for a tax credit certificate.

Historical program details

For more information on the CITC, refer to:

Contact

Connect with the CITC team:
Email: [email protected]