Ontario Regional Opportunities Investment Tax Credit (ROITC)
grant_single|update April 27, 2025
ON, Canada
Tax credit for capital investments in commercial properties
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDate May 12, 2020
grant_single|financingType
Tax Credits
grant_single|eligibleIndustries
- Construction
- Manufacturing
grant_single|grantors
- Ontario Ministry of Finance
- Government of Ontario
grant_single|status
grant_card_status|open
grant_single_labels|preview
Get a 10% refundable Corporate Income Tax credit, up to $50,000, if you are building, renovating or acquiring commercial or industrial buildings in designated regions in Ontario.
grant_single_labels|terms_and_conditions
- Refundable Corporate Income Tax credit of 10% for eligible expenditures exceeding $50,000, up to a maximum of $500,000 per year, with a maximum credit of $45,000.
- Temporary enhancement: 20% refundable tax credit for eligible expenditures exceeding $50,000 and up to $500,000, for property available for use between March 24, 2021, and before January 1, 2024, with a maximum credit of $90,000 per year.
grant_single_labels|projects
This credit aims to promote economic growth and job creation through investments in eligible properties. Corporations can qualify by undertaking specific construction, renovation, or acquisition projects in designated regions.
- Construction of new commercial or industrial buildings that qualify for capital cost allowance classes 1 or 6.
- Renovation of existing commercial or industrial structures located in designated regions.
- Acquisition of eligible commercial or industrial properties that meet the specified criteria.
grant_single|admissibleProjectsExample
$ 90,000
Expansion of a brewery to increase production capacity
$ 90,000
Construction of a community center for social services
$ 45,000
Renovation of a manufacturing facility to improve safety
$ 50,000
Construction of an eco-friendly office building
$ 85,000
Renovation of a heritage hotel to boost tourism
grant_single_labels|admissibility
Eligibility for the Regional Opportunities Investment Tax Credit is determined by specific criteria related to the corporation's structure, location, and investment activities.
- The corporation must be a Canadian-controlled private corporation throughout the tax year.
- The corporation must have a permanent establishment in Ontario at the time a qualifying investment is made.
- The corporation must make a qualifying investment in a designated region of Ontario.
grant_eligibility_criteria|who_can_apply
The Regional Opportunities Investment Tax Credit is available to Canadian-controlled private corporations that have a permanent establishment in Ontario and make a qualifying investment in a designated region of the province.
grant_eligibility_criteria|eligible_expenses
- Acquisition costs for eligible commercial or industrial buildings (or other structures) included in capital cost allowance classes 1 or 6 for income tax purposes, located in designated regions.
- Construction expenses for developing new eligible commercial or industrial buildings in designated regions.
- Renovation costs for eligible commercial or industrial buildings in designated regions.
grant_eligibility_criteria|zone
- Northern Ontario: District of Algoma
- Northern Ontario: District of Cochrane
- Northern Ontario: District of Kenora
- Northern Ontario: District of Manitoulin
- Northern Ontario: District of Nipissing
- Northern Ontario: District of Parry Sound
- Northern Ontario: District of Rainy River
- Northern Ontario: District of Sudbury and City of Greater Sudbury
- Northern Ontario: District of Thunder Bay
- Northern Ontario: District of Timiskaming
- Southern Ontario: City of Kawartha Lakes
- Southern Ontario: County of Bruce
- Southern Ontario: County of Elgin and City of St. Thomas
- Southern Ontario: County of Essex, City of Windsor, and Township of Pelee
- Southern Ontario: County of Frontenac and City of Kingston
- Southern Ontario: County of Grey
- Southern Ontario: County of Haliburton
- Southern Ontario: County of Hastings, City of Belleville, and City of Quinte West
- Southern Ontario: County of Huron
- Southern Ontario: County of Lambton
- Southern Ontario: County of Lanark and Town of Smiths Falls
- Southern Ontario: County of Lennox and Addington
- Southern Ontario: County of Middlesex and City of London
- Southern Ontario: County of Northumberland
- Southern Ontario: County of Oxford
- Southern Ontario: County of Perth, City of Stratford, and Town of St. Marys
- Southern Ontario: County of Peterborough and City of Peterborough
- Southern Ontario: County of Prince Edward
- Southern Ontario: County of Renfrew and City of Pembroke
- Southern Ontario: District of Muskoka
- Southern Ontario: Municipality of Chatham-Kent
- Southern Ontario: United Counties of Leeds and Grenville, City of Brockville, Town of Gananoque, and Town of Prescott
- Southern Ontario: United Counties of Prescott and Russell
- Southern Ontario: United Counties of Stormont, Dundas and Glengarry, and City of Cornwall
grant_single_labels|criteria
- Canadian-controlled private corporation throughout the tax year
- Permanent establishment in Ontario at the time a qualifying investment is made
- Qualifying investment in a designated region of the province
- Invest more than $50,000 in eligible commercial and industrial buildings
- Eligible property must become available for use on or after March 25, 2020, and in the taxation year in which the tax credit is being claimed
grant_single_labels|apply
1
Assess Eligibility
- Ensure your corporation is a Canadian-controlled private corporation throughout the tax year.
- Verify the corporation has a permanent establishment in Ontario at the time of making a qualifying investment.
- Confirm the investment is in a designated region.
2
Make Qualifying Investment
- Invest more than $50,000 in constructing, renovating, or acquiring eligible commercial and industrial properties in a designated region.
- Ensure investments are available for use from after March 25, 2020, in the taxation year of claiming.
3
Calculate the Tax Credit
- Calculate the base 10% refundable tax credit for expenditures exceeding $50,000 up to $500,000.
- If applicable, calculate the enhanced 20% refundable tax credit for the eligible period from March 24, 2021, to December 31, 2023.
- Determine the maximum eligible tax credit amount.
4
File Tax Credit Claim
- Claim the tax credit on your T2 Corporation Income Tax return.
- Include all required documentation and calculations about qualifying investments.
5
Contact CRA if Needed
For inquiries or assistance, contact the CRA through provided phone numbers or visit their website.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- The tax credit can also be administered for eligible property that becomes available for use during a period starting on March 25, 2020, and before January 1, 2024.
- The maximum tax credit during the enhanced credit period is capped at $90,000 per year for qualifying corporations.
- The enhanced credit of 20% is available for expenditures in excess of $50,000 up to a $500,000 limit.
- There is a separate contact number provided by the CRA for assistance in different languages and for teletypewriter (TTY) users.
- It is necessary to refer to the Taxation Act, 2007, or the technical bulletin for full understanding of all conditions and eligibility requirements.
- The grant is particularly aimed at boosting recovery and growth for businesses impacted by COVID-19.
grant_single_labels|contact
1-800-959-5525
Apply to this program
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