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.
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