In Part 1, Clean technology ITC calculation, you must manually enter all the information in columns 100 to 160 to calculate the clean technology ITC for each asset. However, if code 3, Clean technology (Schedule 75), is selected in the Investment tax credit code drop-down list on a copy of Schedule 8 WORKCHART ADD (Jump Code: 8 WORKCHART ADD), the values in the Class, Description, Acquisition date and Adjusted capital cost fields in the Information relating to the property – CCA other than classes 10.1, 13 and 14 and Addition sections of this copy will then be transferred to columns 100, 105, 115 and 125 of a new row in Part 1 of Schedule 75.
You must elect to meet the labour requirements for wage requirements and apprenticeship requirements in order to benefit from the regular credit rate of 30% (percentage determined on line 145 of Part 1) for each of the designated work sites in column 155 of Part 1. If you meet the labour requirements, you must complete Part 3, Attestation and election to meet labour requirements. However, if you choose not to meet the labour requirements, the percentage determined on line 145 of Part 1 will be reduced by 10 percentage points (reduced tax credit rate) for clean technology goods prepared or installed after November 27, 2023, and you will need to complete Part 4. For more details on labour requirements, see section 127.46 ITA.
In addition, this schedule applies when the corporation is resident in Canada and at least one of the following conditions is met:
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a value is entered on line 165 of Part 1;
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a value is entered on line 245 of Part 2; or
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a value is entered on line 430 of Part 4.
See also
T2 Corporation - Income Tax Guide
Clean Technology (CT) Investment Tax Credit (ITC) - Canada.ca
Avoid the reduced credit rate - Clean Technology (CT) Investment Tax Credit (ITC) - Canada.ca