Amount:

No Fixed Amount

Type of Program:

Tax Credit


Description:

The Ontario Business-Research Institute Tax Credit is fully refundable at the rate of 20% of qualified expenditures. It is available to corporations and corporations that are members of partnerships (other than specified members) with a permanent establishment in the province of Ontario in respect of qualified expenditures on SR&ED incurred under eligible contracts with eligible research institutes (ERIs).

Comments on Funding:

Funding is 20% of qualified expenditures.
There is a $20 million annual cap. The cap must be allocated within an associated group of corporations.


When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

Applicants must:

  • be corporations
  • be corporations that are members of partnerships (other than specified members)
  • have a permanent establishment in the province of Ontario
  • have SR&ED expenditures incurred under eligible contracts with eligible research institutes (ERIs).

Documentation Needed:

Applicants must fill in the form T2SCH568, Ontario Business-Research Institute Tax Credit to claim the ORDTC for 2009 and later years.

About the author 

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business.
Click here to learn more about Moe's background and how he can help your business.

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