Recordkeeping: investment tax credit

When claiming this credit, you must keep the following required documentation for your records:

detailed description of the property
explanation of how the property is used in the manufacturing process
if the property is also used for research and development (R and D), an explanation that:
- describes how the property is used in R and D
- identifies the percentage of the property used in manufacturing and R and D compared to the total
- if claiming a building, provides a breakdown of the square footage used in manufacturing compared to the amount used in R and D
depreciation reports and any related supporting schedules
organizational chart that includes entity names, identification numbers, and percentage of ownership

Note: We may require additional information based on the specific facts of your credit claim.

To claim the credit, you’ll need to file either:

See Investment tax credit for detailed information about the credit and to access the credit forms.

Updated: September 13, 2017