Ontario Business Research Institute Tax Credit (OBRITC)

• Completed Schedule 568, Ontario Business-Research Institute Tax Credit
• Completed Schedule 569, Ontario Business-Research Institute Tax Credit Contract Information, for each eligible contract
• T2 Corporation Income Tax Return
• Copy of each eligible contract

Who is eligible?

• Corporations that carry on business in the tax year through a permanent establishment in Ontario
• Corporations that are not exempt from corporation income tax under Part III of the Taxation Act, 2007 (Ontario)

Who is not eligible

• Corporations exempt from corporation income tax under Part III of the Taxation Act, 2007 (Ontario)
• Specified members of a partnership

Eligible expenses

• Qualified expenditures incurred in Ontario under an eligible contract with an eligible research institute
• Cash payments made by the corporation to the eligible research institute, or prescribed payments
• Current expenditures that qualify for the federal investment tax credit under section 127 of the federal Income Tax Act
• Expenditures incurred for scientific research and experimental development performed by the eligible research institute in Ontario

Ineligible Costs and Activities

• Payment-in-kind
• Prescribed types of expenditures
• Certain salaries or wages

• Download and save the accessible fillable PDF to your computer
• Open the downloaded PDF in Acrobat Reader 10 or later
• Complete Schedule 568, Ontario Business-Research Institute Tax Credit, and Schedule 569 for each eligible contract
• Include the completed Schedule 568 and Schedule 569 with the T2 Corporation Income Tax Return

• The Canada Revenue Agency administers the credit on behalf of Ontario through the federal income tax system
• Small businesses may also claim the Ontario innovation tax credit on qualified expenditures
• Keep a copy of each eligible contract to support your claim