Ontario business research institute tax credit 

Canada Revenue Agency (CRA), Government of Canada

Applies only to: Ontario

Your Ontario corporation could qualify for a tax credit of 20% of the costs you paid for scientific research and experimental development. You can apply for a maximum of $4 million per tax year.

You may be eligible if:

  • You operated a business in Ontario during the tax year
  • You incurred qualified expenditures
  • Your business was not tax exempt

Other conditions apply.