Small Business Air Quality Improvement Tax Credit

Pursuant to Bill C-8, the Small Business Air Quality Improvement Tax Credit would provide a 25% refundable tax credit for installation or upgrade of ventilation and air filtration systems.

Eligible claimants are sole proprietors and Canadian Controlled Private Corporations (CCPCs) with less than $15 million in taxable capital (or partnerships, where one of the partners is an eligible claimant). Entities can claim up to $10,000 in eligible expenses for each location, up to a maximum of 5 locations.

The temporary tax credit would be available for qualifying expenditures made between September 1, 2021 and December 31, 2022.