Ontario Business Research Institute Tax Credit
Tax creditOntarioUp to $4,000,000
A refundable tax credit for eligible corporations that conduct scientific research and experimental development work in Ontario through contracts with eligible research institutes. Corporations can claim a 20% credit on qualified expenditures, capped at $4 million annually.
What you'll need
- Eligible contract with research institute
- Documentation of qualified expenditures
- Proof of permanent establishment in Ontario
- T2 corporation income tax return
- Schedule 568 (Ontario Business-Research Institute Tax Credit)
- Schedule 569 (Contract Information) for each eligible contract