Ontario Innovation Tax Credit (OITC)
A 10% Ontario R&D credit that stacks on top of federal SR&ED.
- Level
- Provincial (ON)
- Amount
- 10% refundable tax credit on eligible R&D salaries/expenditures
- What it funds
- R&D performed in Ontario; stacks with federal SR&ED
- Eligibility
- Ontario-based corporations with qualifying R&D
- Awareness
- known