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:
Documentation Needed:
Applicants must fill in the form T2SCH568, Ontario Business-Research Institute Tax Credit to claim the ORDTC for 2009 and later years.
When It Ends:
Ongoing
Deadline:
Rolling deadline