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Ontario Innovation Tax Credit

Ministry of Finance, Government of Ontario • Applies only to: Ontario

As an owner of an Ontario-based corporation, you may be eligible for a tax credit of 8% to 12% for scientific research and experimental development carried out in Ontario by your business. Qualified expenses include:

The expenditure limit is is $3 million, but the actual tax credit amount you could receive will vary according to the tax year, your specified capital amount and the federal taxable income you claim.

Other conditions apply.



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