Capture Your Growth: Edmonton's Industrial Carbon Capture Incentive is Here!

Edmonton is already a leader in industrial innovation, and now we're making it even more attractive to grow your business here. The City's new Industrial Carbon Capture Facility Tax Incentive offers a powerful new tax exemption that can aid in accelerating your industrial growth, support groundbreaking innovation and help collectively capture carbon emissions.

This isn't just about environmental responsibility; it's about smart business. This incentive is a key part of the City of Edmonton's commitment to advancing industrial development, strengthening our local economy and attracting major industrial investment.

Drive Industrial Investment with Significant Savings

We understand that large-scale Carbon Capture, Utilization and Storage (CCUS) projects require significant investment. That's why this incentive is designed to make these projects more financially viable and competitive in Edmonton. By offering long-term municipal property tax exemptions, we're helping businesses like yours expand or establish new operations, all while contributing to a strong industrial tax base and ensuring the continued delivery of essential municipal services.

Unpacking the Incentive: What You Need to Know

Qualifying industrial facilities that are connected to or contain on-site CCUS technology can benefit from:

  • Up to $2.4-million annually in municipal property tax exemptions
  • A 10-year exemption period, beginning once your facility becomes operational

It's important to note that this exemption applies to non-residential municipal taxes only; it does not include provincial education taxes or other levies. For full details on the tax incentive structure and criteria, please refer to Bylaw 21241 - Industrial Carbon Capture Facility Tax Incentive Exemption Bylaw.

Do You Qualify? Key Eligibility Criteria

To ensure this incentive supports high-value industrial projects, your project must meet the following criteria:

  • Location: Situated within the City of Edmonton
  • Project Type: Be a new industrial facility or an expansion of an existing facility
  • Capital Costs: Incur capital costs of at least $75-million
  • Carbon Capture: Demonstrate capture of:
    • At least 300,000 tonnes of carbon annually for new facilities
    • An additional 300,000 tonnes of carbon annually for expansions

The exemption begins in the first year your facility is operational, and facilities must begin operations within 7 years of application approval.

Advancing Our Industrial Investment Action Plan

This incentive is a direct reflection of the City's dedication to Action 8 of our Industrial Investment Action Plan. We are actively identifying and tailoring programs and incentives that attract investment, stimulate job creation and foster innovation in target sectors, making Edmonton an even more competitive and appealing place for businesses to invest and grow.

Ready to Grow with Us?

Don't miss this opportunity to leverage a significant tax incentive and accelerate your industrial growth in Edmonton. For full incentive details or to discuss your eligibility, reach out to our Industrial Growth Hub today.

Let's build a more sustainable and prosperous industrial future together.