C-269An Act to amend the Income Tax Act (heat recovery tax credit)
Private member's bill, introduced in the House of Commons on March 12, 2026
- Status
- At second reading in the House of Commons since March 12, 2026
What it does
Creates a 30% non-refundable tax credit for certain corporations that buy qualifying heat recovery equipment.
What it does
- Creates a non-refundable tax credit equal to 30% of the capital cost of qualifying heat recovery equipment bought by a taxable Canadian corporation after December 31, 2025, if required forms are filed on time.
- Defines qualifying equipment as unused equipment for use only in Canada that recovers heat from industrial processes and converts it into energy, and is not mainly used to generate energy.
- Reduces the credit for non-government assistance, and adds rules for later repayment of assistance, partnership allocations, and limited partners.
- Adds a recapture rule, if the equipment is converted to another use, exported, or disposed of within the next five calendar years, the credit is added back to tax.
- Excludes equipment that is a tax shelter investment, and makes related changes to the Income Tax Act to fit the new credit.
Who it affects
- Taxable Canadian corporations
- Businesses buying industrial equipment
- Partnerships
- Limited partners
Background
It amends the Income Tax Act to add a new heat recovery tax credit.
Where it is
House of Commons
First reading
Completed.
Second reading
Current stage. Now here
Committee
Not reached.
Report stage
Not reached.
Third reading
Not reached.
Senate
First reading
Not reached.
Second reading
Not reached.
Committee
Not reached.
Third reading
Not reached.
Royal assent
Royal assent
Not reached.
Introduced by an MP who is not a minister. These bills compete in a lottery for debate time, and most do not become law. How a bill becomes law
How the House voted
No recorded votes yet
What MPs said
Each party’s first speech on this bill in the House, from Hansard. Excerpts are the speaker’s opening sentences, unedited.
LiberalRyan Turnbull· June 15, 2026
“As we know, the bill proposes a set of amendments to the Income Tax Act to establish a new, permanent 30% non‑refundable investment tax credit for certain heat recovery equipment, which would be available as of January 1, 2026. In short, the intent of the bill is to support the adoption of certain heat recovery equipment, including waste heat-to-power technology.”
Read the full speech on openparliament.caConservativeGreg McLean· March 12, 2026
“Moved for leave to introduce Bill C-269, An Act to amend the Income Tax Act (heat recovery tax credit). I am introducing a bill today that would fill an oversight that the government has left open in its latest investment tax credits for clean energy production and also for emissions reduction.”
Read the full speech on openparliament.caBlocMarilène Gill· June 15, 2026
“I am pleased to speak to Bill C-269 on behalf of the Bloc Québécois. First of all, as a proud resident of the north shore, I would like to thank the people back home who work in the energy sector.”
Read the full speech on openparliament.ca
Read the source
LEGISinfo status: At second reading in the House of Commons. Bill data from LEGISinfo, votes from openparliament.ca and the House of Commons. Last updated October 13, 2026.