In this paper, a new topology for multilevel current source inverter (CSI) is presented. The proposed topology employs reduced switches number to generate desired multilevel output current. The proposed topology uses (n+7)/2 switches and (n-1)/2 current-sharing inductors for an nlevel CSI. Two modulation methods are applied for the proposed topology. One method is fundamental frequency modulation method and the other is carrier phase-shifted sinusoidal pulse width modulation (SPWM) method. As simulation results using PSCAD/EMTDC will show, the proposed topology can generate the desired output current levels and current balance of the current-sharing inductors is completely provided in each control method.