Ontario tax credit for manufacturing and processing
Last Update: April 27, 2025
ON, Canada
Supports corporations with eligible manufacturing and processing income
Ontario tax credit for manufacturing and processing at a glance
Eligible Funding
- No Condition
Timeline
- Continuous Intakes
Financing Type
Tax Credits
Eligible Industries
- Agriculture, forestry, fishing and hunting
- Mining, quarrying, and oil and gas extraction
- Manufacturing
Grant Providers
- Ontario Ministry of Finance
- Government of Ontario
Status
Open
Overview of the Ontario tax credit for manufacturing and processing program
The Ontario Tax Credit for Manufacturing and Processing offers a tax incentive to corporations with Ontario taxable income and eligible Canadian profits from sectors such as manufacturing, processing, farming, fishing, logging, mining, and energy production. This program allows businesses to claim a credit on qualifying income, excluding amounts subject to the Ontario small business deduction rate; the maximum funding amount is not specified.
Eligible projects & activities
- Manufacturing and processing activities generating eligible Canadian profits.
- Farming operations with eligible Canadian profits.
- Fishing enterprises with eligible Canadian profits.
- Logging activities resulting in eligible Canadian profits.
- Mining operations with eligible Canadian profits.
- Generation of electrical energy for sale.
- Production of steam for sale.
Eligibility criteria of the Ontario tax credit for manufacturing and processing program
- The corporation must have Ontario taxable income during the tax year.
- The corporation must have eligible Canadian profits from manufacturing and processing, farming, fishing, logging, mining, the generation of electrical energy for sale, or the production of steam for sale.
Eligible geographic areas
- Ontario
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