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Ontario foreign tax credit
Provincial corporate tax relief for Ontario corporations with foreign investment income
Last Update: June 16, 2026
Funding available
Varies by project
Timeline
- Open continuously
Location
Ontario, Canada
Overview
Ontario corporations may claim a provincial foreign tax credit for foreign non-business income tax paid to another country, reducing provincial tax otherwise payable.
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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
- All industries
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
Eligibility
Who is eligible?
Corporations with Ontario permanent establishments and foreign investment income.
Additional information
Source: Canada Revenue Agency provincial or territorial foreign tax credits page.
Frequently Asked Questions about the Ontario foreign tax credit Program
What is the Ontario foreign tax credit?
Ontario corporations may claim a provincial foreign tax credit for foreign non-business income tax paid to another country, reducing provincial tax otherwise payable.
Who is eligible for the Ontario foreign tax credit program?
To be eligible for the Ontario foreign tax credit program, you must:
Corporation must be resident in Canada, have a permanent establishment in Ontario, and have foreign investment income for the tax year.
Who can I contact for more information about the Ontario foreign tax credit?
You can contact Ontario Ministry of Finance.
Where is the Ontario foreign tax credit available?
The Ontario foreign tax credit program is available the province of Ontario.
Is the Ontario foreign tax credit a grant, loan, or tax credit?
Ontario foreign tax credit is a Tax Credits
Who are the financial supporters of the Ontario foreign tax credit?
Ontario foreign tax credit is funded by Ontario Ministry of Finance, Government of Ontario, Canada Revenue Agency (CRA)