Economic development incentives

Ontario

Canada

Tax Credits

Co-operative Education Tax Credit:  A refundable tax credit available to employers who hire students enrolled in a co-operative education program at an Ontario university or college.  The tax credit is based on salaries and wages paid to a student in a co-operative education work placement. Corporations can claim 25% of eligible expenditures. The maximum credit for each work placement is $3,000.

Ontario Research & Development Tax Credit (ORDTC):  The ORDTC is a 3.5% non-refundable tax credit on eligible R&D expenditures. Effective for eligible R&D expenditures incurred on or after March 28, 2018, companies that qualify for the ORDTC would be eligible for an enhanced rate of 5.5 per cent on expenditures over $1 million in a taxation year.

Ontario Business Research Institute Tax Credit:  Eligible corporations can claim a 20% refundable tax credit for qualified expenditures on scientific research and experimental development work performed in Ontario under contract with eligible research institutes. Qualified expenditures are capped at $20 million annually. The maximum annual tax credit is $4 million.

Ontario Innovation Tax Credit: This program offers a refundable tax credit to eligible corporations for qualified expenditures on scientific research and experimental development performed in Ontario. The tax credit rate is up to 8% of qualified expenditures up to a maximum credit of $240,000. The credit is limited based on the amount of the corporation’s federal taxable income and taxable capital.

Ontario Film and Television Tax Credit: An eligible production company can obtain a tax credit of 35% of labor expenditures incurred with respect to an Ontario production. An additional 10% credit is available for productions shot within Ontario but outside of the Greater Toronto Area.

Ontario Digital Media Tax Credit: In order to promote interactive digital media products, the province offers a refundable tax credit ranging from 35% to 40% for eligible expenditures on labor and marketing in Ontario. Eligible companies include Canadian corporations with permanent establishment in Ontario and which files an Ontario tax return.

Incentives & Exemptions

Grant and Financing Programs

Special Zoning

Job Training

Financing & Financial Assistance

Jobs and Prosperity Fund:  Discretionary grants and loans are available to companies making large strategic investments in one of Ontario’s priority sectors.  Grants of up to 20% or a combination of grants and loans up to 40% of eligible project costs are available for companies making a minimum $10 million investment. Similar grants with a lower $5 million investment threshold are available for investments in the forestry, food and beverage processing, and bioproducts sectors.


Local Incentives

Other Programs

Interested in Learning More?

Contact us today at 609.924.9775 or info@blsstrategies.comto schedule an initial incentives strategy consultation.
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