Open
Ontario Corporate Minimum Tax Credit
Ontario corporate minimum tax and credit rules
Last Update: April 9, 2026
Funding available
Varies by project
Timeline
- Open continuously
Location
Ontario, Canada
Overview
This program explains how Ontario corporate minimum tax is calculated and how a corporate minimum tax credit may be deducted from Ontario corporate income tax. It applies to filing Schedule 510 with the T2 return for eligible corporations and related carryforward calculations.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- No objectives are currently available
Eligible Funding
- Varies by project
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- Finance and insurance
Location
- Ontario
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- All groups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Calculation of Ontario corporate minimum tax.
- Calculation of corporate minimum tax credit.
- Calculation of CMT loss carryforward.
- Completion of related Ontario tax schedules.
Documents Needed
- T2 Corporation Income Tax Return
- Schedule 510, Ontario Corporate Minimum Tax
- Schedule 511, if the corporation is associated
- Schedule 512, if Ontario special additional tax on life insurance corporations applies
- Schedule 5, Tax Calculation Supplementary – Corporations
Eligibility
Who is eligible?
- Corporations subject to Ontario corporate minimum tax.
- Corporations claiming a CMT credit.
- Corporations with a CMT loss carryforward.
- Life insurance corporations with SAT payable.
Who is not eligible
- Corporations exempt from income tax under section 149 of the federal Income Tax Act.
- Mortgage investment corporations.
- Deposit insurance corporations.
- Congregations or business agencies under section 143 of the federal Income Tax Act.
- Investment corporations and mutual fund corporations.
Eligible geographic areas
- Ontario
Processing and Agreement
- Complete Schedule 510 and attach it to the T2 return.
- File Schedule 511 if the corporation is associated.
- Enter the CMT amount on Schedule 5.
- Complete the credit or loss carryforward sections if applicable.
Contacts
Frequently Asked Questions about the Ontario Corporate Minimum Tax Credit Program
Here are answers to the most common questions about the Ontario Corporate Minimum Tax Credit. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the Ontario Corporate Minimum Tax Credit?
This program explains how Ontario corporate minimum tax is calculated and how a corporate minimum tax credit may be deducted from Ontario corporate income tax. It applies to filing Schedule 510 with the T2 return for eligible corporations and related carryforward calculations.
Who is eligible for the Ontario Corporate Minimum Tax Credit program?
To be eligible for the Ontario Corporate Minimum Tax Credit program, you must:
Ontario corporation subject to CMT.
May claim CMT credit or carryforward.
May have CMT loss or SAT payable.
What expenses are eligible under Ontario Corporate Minimum Tax Credit?
Calculation of Ontario corporate minimum tax.
Calculation of corporate minimum tax credit.
Calculation of CMT loss carryforward.
Completion of related Ontario tax schedules.
Who can I contact for more information about the Ontario Corporate Minimum Tax Credit?
You can contact Ontario Ministry of Finance (MOF) by email at none or by phone at none.
Where is the Ontario Corporate Minimum Tax Credit available?
The Ontario Corporate Minimum Tax Credit program is available the province of Ontario.
Is the Ontario Corporate Minimum Tax Credit a grant, loan, or tax credit?
Ontario Corporate Minimum Tax Credit is a Tax Credits
Who are the financial supporters of the Ontario Corporate Minimum Tax Credit?
Ontario Corporate Minimum Tax Credit is funded by Ontario Ministry of Finance (MOF), Government of Ontario (ON)