Ontario Research and Development Tax Credit
If your corporation has invested in research and development, you could receive a non-refundable tax credit of 4.5% for the cost of your scientific research and experimental development expenditures.
Eligibiliy:
- Corporations that are not exempt from Ontario corporate income tax
- Ontario corporations with no exempt income
Eligible corporations can also use this credit to reduce the amount they owe in corporate taxes.
Other conditions apply.
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