What is CRCE?
CRCE Expenses – 100% Tax-Deductible
CRCE (Canadian Renewable Conservation Expenses) was invoked in 1996 to place the “renewable energy sector” on a level playing field with the non-renewable resource sector, including oil, gas and mining. Canadian Federal and Provincial governments encourage businesses to invest in clean energy generation and energy-efficient equipment by providing tax deductions for CRCE expenditures. This includes equipment that generates or conserves energy using a renewable or high-efficiency energy source (e.g., CHP, solar, geothermal). Up to 100% of start-up expenses for such projects qualify as CRCE.