Ontario Innovation Tax Credit 

Ministry of Finance, Government of Ontario
Applies only to: Ontario

As an owner of an Ontario-based corporation you may be eligible for a 10 or 8% tax credit on research and development carried out in Ontario for your business. Qualified expenses include:

  • 100% of current expenditures
  • 40% of capital expenditures made prior to 2014

The expenditure limit is is $3 million, but the actual tax credit amount you could receive will vary according to the tax year, your specified capital amount and the federal taxable income you claim.

Other conditions apply.

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