Tax Credit

Ontario Research and Development Tax Credit (ORDTC)

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.

  • 4.5/5.0
  • Ontario. Finance
  • All levels
  • Last updated 3 years ago
  • English
Description
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.