Ontario Business Research Institute Tax Credit

Eligible corporations can claim a 20 per cent refundable tax credit for qualified expenditures on scientific research and experimental development work performed in Ontario under contract with eligible research institutes. Qualified expenditures are capped at $20 million annually. The maximum annual tax credit is $4 million

Deadline not available

Range between $0 - $4,000,000

Tax Credit

Educational Services, Healthcare, research and discovery

For Profit, Non Profit

This grant is restricted to whole of Canada

This grant is age restricted from 18 to 100

You can claim the credit, if the corporation:

carries on business in the tax year through a permanent establishment in Ontario
is not exempt from corporation income tax
entered into an eligible contract with an eligible research institute
is not connected to the eligible research institute

Eligible research institutes are generally:

Ontario universities or Ontario community colleges
hospital research institutes (large teaching hospitals)
Ontario Centres of Excellence or federal Network of Centres of Excellence (operating in Ontario)
non-profit organizations designated as eligible research institutes by the Ontario Minister of Finance

The Canada Revenue Agency administers the tax credit on behalf of Ontario through the federal income tax system.

Contact the Canada Revenue Agency with your questions at 1 800 959-5525 or 1 800 665-0354 for teletypewriter (TTY).