OBRITC (Ontario Business Research Institute Tax Credit) – Canada Revenue Agency (2021)

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.

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.

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