Prime Minister Carney’s first federal budget makes one thing clear, Canada is betting big on innovation, clean technology, and resource development to drive the next wave of economic growth.
For businesses investing in R&D, critical minerals, or clean manufacturing, the 2025 Federal Budget introduces powerful updates to Canada’s clean technology tax credits and innovation incentives. These changes create new opportunities to fund your projects, offset capital costs, and accelerate growth, especially when you have the right partner to guide you.
Here’s what’s new and how Ayming Canada can help you make the most of it.
Critical Mineral Exploration Credit Expanded
Canada’s Critical Mineral Exploration Tax Credit (CMETC) is a key driver of the clean energy transition, offering a 30% tax credit to investors in flow-through shares that fund exploration of eligible minerals.
Budget 2025 expands eligibility beyond the current list (lithium, nickel, rare earth elements) to include: bismuth, cesium, chromium, fluorspar, germanium, indium, manganese, molybdenum, niobium, tantalum, tin, and tungsten.
This change applies to flow-through share agreements entered into after Budget Day and before March 31, 2027.
More Minerals Qualify for the Clean Technology Manufacturing Credit
The Clean Technology Manufacturing Investment Tax Credit offers a 30% refundable credit on investments in new machinery and equipment used to manufacture or process clean technologies, or to extract, process, or recycle critical minerals.
Budget 2025 expands eligibility to include antimony, indium, gallium, germanium, and scandium as qualifying critical minerals.
If you’re a clean technology manufacturer or processor, you now have even greater access to funding for capital investments that modernize operations and strengthen Canada’s renewable energy supply chains.
Extended Full Rates for the CCUS Investment Tax Credit
The Carbon Capture, Utilization, and Storage (CCUS) Investment Tax Credit remains a cornerstone of Canada’s climate and clean energy strategy.
Full credit rates of 60%, 50%, and 37.5% (depending on equipment type) will now apply to eligible expenditures through 2035, extending the original timeline by five years.
The planned government review of CCUS rates will now occur before 2035, offering greater long-term certainty to companies investing in large-scale carbon capture projects. Lower rates will continue to apply from 2036 to 2040.
What This Means for Your Business
These Budget 2025 updates underscore the government’s continued commitment to clean technology innovation, resource development, and advanced manufacturing.
For companies in critical minerals, clean manufacturing, or R&D, this is the time to act. You can reduce after-tax costs, unlock new sources of government funding, and reinvest in innovation that drives competitive advantage.
That’s where Ayming Canada comes in.
With 40 years of experience and a 98.5% success rate, Ayming helps Canadian businesses navigate and maximize programs like SR&ED Tax Credit and Clean Technology Investment Tax Credits. From identifying eligibility to preparing claims and providing full audit support, we ensure you secure every dollar available to fuel your growth.
If you’re planning capital investments, exploration projects, or product development, now is the perfect time to align your funding strategy with the Budget 2025 incentives.
Connect with Ayming Canada today to explore how these measures can strengthen your financial strategy and help you lead Canada’s clean innovation economy.
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