Ontario Research and Development Tax Credit 

Canada Revenue Agency (CRA), Government of Canada

Applies only to: Ontario

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.