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Ontario qualifying environmental trust tax credit
Refundable Ontario corporate tax credit for trust beneficiaries
Record updated
- Funding available
- Varies by project
- Deadline
- Open continuously
- Location
- Ontario, Canada
- Who can apply
- Corporations that are beneficiaries of a qualifying environmental trust located in Ontario.
- See full eligibility
Overview
The Ontario qualifying environmental trust tax credit is available to beneficiary corporations of a qualifying environmental trust located in Ontario for income taxed under Part XII.4. The credit equals the corporation’s share of the environmental trust tax paid and is claimed on Schedule 5.
At a glance
Funding available
Varies by project
Eligible candidates
- Location
- Ontario
- Eligible Industries
- All industries
- Annual revenue
- All revenue ranges
- Organisation size
- All organization sizes
- Audience
- All groups
- Legal structures
- For-profit business
Start applying for this program
Take a practical assessment to gain a clear understanding of how well this program aligns with your specific needs and long-term goals.
Availability timeline
2026
Periods: 1
Eligibility
Who is eligible?
- Corporations that are beneficiaries of a qualifying environmental trust located in Ontario.
Eligible geographic areas
- Ontario
How to apply
- Enter the amount of the credit claimed on line 450 of Schedule 5, Tax Calculation Supplementary – Corporations.
Documents Needed
- Letter issued by the qualifying environmental trust
Additional information
- The qualifying environmental trust will issue a letter to the beneficiary corporation.
- The supporting letter does not have to be filed with the return, but it should be kept in case the CRA asks for it later.
- The credit is fully refundable, but it must first be applied against taxes payable.
Official sources
Frequently Asked Questions about the Ontario qualifying environmental trust tax credit Program
What is the Ontario qualifying environmental trust tax credit?
The Ontario qualifying environmental trust tax credit is available to beneficiary corporations of a qualifying environmental trust located in Ontario for income taxed under Part XII.4. The credit equals the corporation’s share of the environmental trust tax paid and is claimed on Schedule 5.
What is the deadline to apply?
The program is accepting continuous intake
Who is eligible for the Ontario qualifying environmental trust tax credit program?
To be eligible for the Ontario qualifying environmental trust tax credit program, you must:
The applicant must be a corporation.
The corporation must be the beneficiary of a qualifying environmental trust located in Ontario.
The credit applies to income subject to tax under Part XII.4 of the federal Income Tax Act.
Who can I contact for more information about the Ontario qualifying environmental trust tax credit?
You can contact Ontario Ministry of Finance.
Where is the Ontario qualifying environmental trust tax credit available?
The Ontario qualifying environmental trust tax credit program is available the province of Ontario.
Is the Ontario qualifying environmental trust tax credit a grant, loan, or tax credit?
Ontario qualifying environmental trust tax credit is a Tax Credits
Who are the financial supporters of the Ontario qualifying environmental trust tax credit?
Ontario qualifying environmental trust tax credit is funded by Ontario Ministry of Finance, Government of Ontario, Canada Revenue Agency (CRA)