Ontario Business Research Institute Tax Credit

The business-research institute tax credit is a 20% refundable tax credit based on qualified expenditures for the tax year incurred in Ontario under an eligible contract with an eligible research institute.
  • Government of Ontario
Overview of the Ontario Business Research Institute Tax Credit program:

The business-research institute tax credit is a 20% refundable tax credit based on qualified expenditures for the tax year incurred in Ontario under an eligible contract with an eligible research institute. The annual qualified expenditure limit is $20 million. If a corporation is associated with other corporations at any time in a calendar year, the $20 million limit must be allocated among the associated corporations. The maximum tax credit that a qualifying corporation or an associated group of corporations can claim in a tax year is $4 million (20% of $20 million).

Benefits of the Ontario Business Research Institute Tax Credit program:
  • The maximum tax credit that a qualifying corporation or an associated group of corporations can claim in a tax year is $4 million (20% of $20 million).
Eligibility criteria of the Ontario Business Research Institute Tax Credit program:
  • You are eligible to claim an Ontario business-research institute tax credit if you meet all of the following conditions:
    • You carried on business in the tax year through a permanent establishment in Ontario
    • You incurred qualified expenditures under an eligible contract with an eligible research institute
    • You were not exempt from tax under Part III of the Taxation Act, 2007 (Ontario)
  • Eligible corporations
  • You can claim the credit, if the corporation:
    • Carries on business in the tax year through a permanent establishment in Ontario
    • Is not exempt from corporation income tax
    • Entered into an eligible contract with an eligible research institute
    • Is not connected to the eligible research institute
  • Eligible research institutes
  • Eligible research institutes are generally:
    • Ontario universities or Ontario community colleges
    • Hospital research institutes (large teaching hospitals)
    • Ontario Centres of Excellence or federal Network of Centres of Excellence (operating in Ontario)
    • Non-profit organizations designated as eligible research institutes
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