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Government Fosters R&D;
Ontario Business Research Institute Tax Credit (OBRI)
- OBRI promotes research partnerships between businesses and Ontario post-secondary educational institutions.
- A 20 per cent refundable tax credit for scientific research and experimental development expenditures incurred in Ontario as part of an
eligible research institute contract.
- Eligible Ontario research institutes are: provincially-assisted universities, colleges of
applied arts and technology, research hospitals and other prescribed
Ontario non-profit research organizations.
- To assist small business, qualifying expenditures will also be eligible for the Ontario
Innovation Tax Credit (OITC) for a combined refundable tax credit of 30 per cent.
Source: Ontario Ministry of Finance (7/2006)
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