Ontario Business Research Institute Tax Credit
“Ontario. Finance”
$4,000,000.00
Maximum Eligible Amount
Tax Credit
Fund Type
The Ontario Business Research Institute Tax Credit (OBRITC) is a refundable tax credit. It is available to a qualifying corporation that performs scientific research and experimental development (SR&ED) in Ontario under a contract with an eligible research institute (ERI).
- Eligible corporations can claim a 20 per cent refundable tax credit for qualified expenditures on scientific research and experimental development work performed in Ontario under contract with eligible research institutes. Small businesses may claim this tax credit and the Ontario innovation tax credit on qualified expenditures.
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