Ontario Research and Development Tax Credit (ORDTC)
“Ontario. Finance”
$1,000,000.00
Maximum Eligible Amount
Tax Credit
Fund Type
Qualifying corporations can claim a non-refundable tax credit on eligible scientific research and experimental development expenditures performed in Ontario to reduce their Ontario corporate income tax payable.
- For taxation years that commence after May 31, 2016, the tax credit rate is 3.5 per cent.
- The tax credit rate is prorated for taxation years straddling June 1, 2016.
- For taxation years that end before June 1, 2016, the tax credit rate is 4.5 per cent.
Log in with Google