In order to claim the CCUS ITC, you must be issued an initial project evaluation for each qualified CCUS project.
To be issued an initial project evaluation, you need to complete a FEED study, take the pre-screening questionnaire, and submit a project plan to NRCan.
A project plan must be submitted to NRCan:
- Before the project’s first day of commercial operations (i.e. the day that is 120 days after the day on which captured carbon dioxide is first delivered to a carbon transportation, carbon storage or carbon use system for the purpose of storage or use on an ongoing operational basis);
- or by September 19, 2024, if the project’s first day of commercial operations occurred prior to June 21, 2024.
Steps
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Complete a FEED study
A requirement before submitting a project plan
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Take the pre-screening questionnaire
A questionnaire to determine taxpayer and project eligibility
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How to submit your project plan
Use NRCan's secure portal for your project plan submission
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Project changes and impacts
What to do if there are changes to your project after project plan submission