No Fixed Amount
Type of Program:
The Ontario Job Creation Investment Incentive is meant to strengthen Ontario’s tax competitiveness for business investment, aiming to encourage businesses to invest in Ontario now and create jobs for the people of Ontario.
This incentive allows companies purchasing manufacturing and processing machinery and equipment and specified clean energy equipment to immediately write off the full cost of the investment.
Comments on Funding:
The incentive is an accelerated depreciation rate.
When It Ends:
Other Things to Note:
2018-201: Provided $3.8 billion in provincial income tax relief over six years through the Ontario Job Creation Investment Incentive.