Investment tax credit

The investment tax credit (ITC) lets you subtract, from the taxes you owe, part of the cost of some types of property you acquired or expenditures you incurred.

You may be able to claim this tax credit if you bought qualifying property, incurred qualified expenditures, or received renounced Canadian exploration expenses.

You may also be able to claim the credit if you have unused ITCs from earlier years.

For more details on ITC's, review Line 412 – Investment tax credit.

Forms and publications

• Business and Professional Income (T4002)