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Tax Credits for Businesses in Ontario

Unlock Ontario business tax credits. Save on hiring, training, and innovation costs. Learn how your business can benefit.

Ontario offers a robust suite of business tax credits aimed at supporting companies of all sizes, especially small and medium-sized enterprises (SMEs). These Ontario business tax credits serve as powerful small business tax incentives – essentially financial breaks that reduce a company’s tax burden in exchange for investing in activities that spur economic growth.

23 opportunities available
Ontario Innovation Tax Credit (OITC)
Tax CreditsOpen

Ontario Innovation Tax Credit (OITC)

Ontario Ministry of Finance, Government of Ontario (ON), Canada Revenue Agency (CRA)
Refundable tax credit for R&D in Ontario
Eligible Funding
  • Up to 8% of project cost
Eligible Industries
  • Professional, scientific and technical services
Types of eligible projects
Innovation
Ontario Research and Development Tax Credit (ORDTC)
Tax CreditsOpen

Ontario Research and Development Tax Credit (ORDTC)

Ontario Ministry of Finance, Government of Ontario (ON)
Non-refundable tax credit for R&D in Ontario
Eligible Funding
  • No Condition
Eligible Industries
  • Professional, scientific and technical services
Types of eligible projects
TechnologyInnovation
Economic Development & Growth in Employment (EDGE) Incentive Program
Grant and FundingTax CreditsOpen

Economic Development & Growth in Employment (EDGE) Incentive Program

City of Toronto
Supports tax-based incentives for new or redeveloped employment properties
Eligible Funding
  • From $3,000,000 to $10,000,000
  • Up to 77% of project cost
Eligible Industries
  • Manufacturing
  • Wholesale trade
  • Information and cultural industries
  • Professional, scientific and technical services
Types of eligible projects
Ontario Made Manufacturing Investment Tax Credit (OMMITC)
Tax CreditsOpen

Ontario Made Manufacturing Investment Tax Credit (OMMITC)

Government of Ontario (ON), Ontario Ministry of Finance
Supports corporate investments in Ontario's manufacturing sector
Eligible Funding
  • Maximum amount : 2,000,000 $
  • Up to 10% of project cost
Eligible Industries
  • Manufacturing
Types of eligible projects
Innovation
Ontario Production Services Tax Credit (OPSTC)
Tax CreditsOpen

Ontario Production Services Tax Credit (OPSTC)

Government of Ontario (ON), Ontario Creates
Tax credit for film and television production in Ontario
Eligible Funding
  • Minimum amount : 1,000,000 $
  • Up to 21.5% of project cost
Eligible Industries
  • Information and cultural industries
Types of eligible projects
Digital Transformation
Ontario Film and Television Tax Credit (OFTTC)
Tax CreditsOpen

Ontario Film and Television Tax Credit (OFTTC)

Government of Ontario (ON), Ontario Creates
Tax credit for Ontario film and television content
Eligible Funding
  • Up to 35% of project cost
Eligible Industries
  • Information and cultural industries
  • Arts, entertainment and recreation
Types of eligible projects
Ontario Book Publishing Tax Credit (OBPTC)
Tax CreditsOpen

Ontario Book Publishing Tax Credit (OBPTC)

Government of Ontario (ON), Ontario Creates
Tax credit for book publishing in Ontario
Eligible Funding
  • Up to 30% of project cost
Eligible Industries
  • Information and cultural industries
Types of eligible projects
CommercializationDigital Transformation
Ontario Computer Animation and Special Effects Tax Credit (OCASE)
Tax CreditsOpen

Ontario Computer Animation and Special Effects Tax Credit (OCASE)

Government of Ontario (ON), Ontario Creates
Tax credit for animation and special effects work in Ontario
Eligible Funding
  • Minimum amount : 25,000 $
  • Up to 18% of project cost
Eligible Industries
  • Arts, entertainment and recreation
Types of eligible projects
Digital Transformation
Ontario Corporate Minimum Tax Credit
Tax CreditsOpen

Ontario Corporate Minimum Tax Credit

Ontario Ministry of Finance, Government of Ontario (ON)
Corporate tax credit for eligible large Ontario corporations
Eligible Funding
  • Up to 3% of project cost
Eligible Industries
  • Finance and insurance
Types of eligible projects
Ontario credit union tax reduction
Tax CreditsOpen

Ontario credit union tax reduction

Ontario Ministry of Finance, Government of Ontario (ON)
Income tax reduction for eligible Ontario-based credit unions
Eligible Funding
  • No Condition
Eligible Industries
  • Finance and insurance
Types of eligible projects
Farm Property Class Tax Rate Program
Tax CreditsOpen

Farm Property Class Tax Rate Program

Agricorp, Government of Ontario (ON)
Provides reduced property tax rates for eligible Ontario farmland owners
Eligible Funding
  • Up to 25% of project cost
Eligible Industries
  • Agriculture, forestry, fishing and hunting
Types of eligible projects
Ontario political contributions tax credit
Tax CreditsOpen

Ontario political contributions tax credit

Government of Canada (GC)
Tax credit for individual Ontario political contributions
Eligible Funding
  • No Condition
Eligible Industries
  • All industries
Types of eligible projects
Ontario Regional Opportunities Investment Tax Credit (ROITC)
Tax CreditsOpen

Ontario Regional Opportunities Investment Tax Credit (ROITC)

Ontario Ministry of Finance, Government of Ontario (ON)
Tax credit for capital investments in commercial properties
Eligible Funding
  • From $50,000 to $90,000
  • Up to 20% of project cost
Eligible Industries
  • Construction
  • Manufacturing
Types of eligible projects
Ontario Business Research Institute Tax Credit (OBRITC)
Tax CreditsOpen

Ontario Business Research Institute Tax Credit (OBRITC)

Ontario Ministry of Finance, Government of Ontario (ON), Canada Revenue Agency (CRA)
Business tax credit for scientific research in Ontario
Eligible Funding
  • No Condition
Eligible Industries
  • Professional, scientific and technical services
  • Educational services
  • Health care and social assistance
Types of eligible projects
Gasoline used in unlicensed business equipment
Tax CreditsOpen

Gasoline used in unlicensed business equipment

Ontario Ministry of Finance, Government of Ontario (ON)
Refund for Ontario gasoline tax paid for unlicensed equipment
Eligible Funding
  • No Condition
Eligible Industries
  • Agriculture, forestry, fishing and hunting
  • Construction
  • Manufacturing
Types of eligible projects
Construction and Renovation
Tax refund for power takeoff equipment
Tax CreditsOpen

Tax refund for power takeoff equipment

Ontario Ministry of Finance, Government of Ontario (ON)
Refund for Ontario gasoline tax paid for auxiliary equipment
Eligible Funding
  • No Condition
Eligible Industries
  • Construction
  • Manufacturing
  • Transportation and warehousing
Types of eligible projects
Ontario Interactive Digital Media Tax Credit (OIDMTC)
Tax CreditsOpen

Ontario Interactive Digital Media Tax Credit (OIDMTC)

Government of Ontario (ON), Ontario Creates, RSM US Foundation (RSM)
Tax credit for interactive digital media creation in Ontario
Eligible Funding
  • No Condition
Eligible Industries
  • Information and cultural industries
  • Educational services
  • Arts, entertainment and recreation
Types of eligible projects
Co-operative Education Tax Credit
Tax CreditsOpen

Co-operative Education Tax Credit

Ontario Ministry of Finance, Government of Ontario (ON)
Ontario co-op student tax credit
Eligible Funding
  • Maximum amount : 3,000 $
  • Up to 25% of project cost
Eligible Industries
  • All industries
Types of eligible projects
Human Resources
Ontario tax credit for manufacturing and processing
Tax CreditsOpen

Ontario tax credit for manufacturing and processing

Ontario Ministry of Finance, Government of Ontario (ON)
Supports corporations with eligible manufacturing and processing income
Eligible Funding
  • No Condition
Eligible Industries
  • Agriculture, forestry, fishing and hunting
  • Mining, quarrying, and oil and gas extraction
  • Manufacturing
Types of eligible projects
Employer Health Tax relief (EHT)
Tax CreditsOpen

Employer Health Tax relief (EHT)

Ontario Ministry of Finance, Government of Ontario (ON)
Ontario payroll tax relief for eligible employers and charities
Eligible Funding
  • No Condition
Eligible Industries
  • All industries
Types of eligible projects
Human Resources
Ontario community food program donation tax credit for farmers
Tax CreditsOpen

Ontario community food program donation tax credit for farmers

Ontario Ministry of Finance, Government of Ontario (ON)
Tax credit for Ontario farmers donating food to communities
Eligible Funding
  • Up to 25% of project cost
Eligible Industries
  • Agriculture, forestry, fishing and hunting
Types of eligible projects
Small Business Property Tax Subclass
Tax CreditsOpen

Small Business Property Tax Subclass

City of Toronto
Toronto offers small business property tax reduction program
Eligible Funding
  • No Condition
Eligible Industries
  • Retail trade
Types of eligible projects
Business Buyout
Ontario small business deduction (SBD)
Tax CreditsOpen

Ontario small business deduction (SBD)

Ontario Ministry of Finance, Government of Ontario (ON)
Reduces income tax for eligible Ontario small businesses
Eligible Funding
  • Up to 8.3% of project cost
Eligible Industries
  • All industries
Types of eligible projects

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