Ontario Tax Exemption for Commercialization – Ministry of Economic Development, Job Creation and Trade (2021) -

Amount:

No Fixed Amount

Type of Program:

Tax Refund

Description:

Ontario Tax Exemption for Commercialization is a refund of the corporate income tax and corporate minimum tax a business paid in its first 10 taxation years. It is available to eligible start-ups that are commercializing intellectual property developed at Canadian universities and colleges.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

The applicant must be:

A corporation operating in advanced health, bioeconomy (including clean energy technologies), telecommunications, computer or digital technologies production,
Incorporated between March 25, 2008 and March 24, 2012,
Commercializing intellectual property developed at a Canadian university or college.

The applicant cannot be formed by way of an amalgamation or merger.

Documentation Needed:

Applicants must:

Check to see if the company, intellectual property or university/college is eligible,
Apply to the Ministry of Research and Innovation for a Certificate of Eligibility (required for each taxation year they seek a refund),
Submit the Certificate of Eligibility and a tax refund application to the Ministry of Finance.

Program Contact:

Ontario Tax Exemption for Commercialization

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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