Business Tax Credits in Canada: Reduce Costs and Boost Cash Flow Through Government Incentives
Looking to lower your business taxes through government incentives? This article explains business tax credits in Canada: how they work for Canadian businesses, what types are available at the federal and provincial levels, and how to claim them.
Whether you’re investing in innovation, hiring apprentices, or producing digital content, this guide will help you understand and access tax credits that can improve your cash flow and reduce your tax burden.
✅ What Is a Business Tax Credit?
A business tax credit is a financial incentive that reduces the amount of income tax your company owes. Tax credits are offered by both federal and provincial governments and are typically tied to specific business activities such as research and development (R&D), digital media production, hiring, or investing in clean technologies.
There are two main types of tax credits:
- Non-refundable tax credits – These reduce the taxes you owe but do not result in a refund if your tax liability is zero.
- Refundable tax credits – These provide a cash refund even if your business does not owe taxes. These are especially helpful for startups or early-stage companies.
Unlike grants, tax credits are claimed when you file your corporate tax return and are often based on actual expenses your business has already incurred.
✅ Common Types of Business Tax Credits in Canada
Canadian businesses may be eligible for a range of tax credits. Here are the most common categories:
◾ R&D Tax Credits
- The Scientific Research and Experimental Development (SR&ED) program is the largest federal tax credit for businesses conducting R&D in Canada.
- It offers refundable and non-refundable credits for wages, materials, and subcontractor costs related to experimental development or applied research.
◾ Digital Media & Tech Tax Credits
- Several provinces (including Ontario, Quebec, BC, and Nova Scotia) offer credits for the creation of digital products such as video games, e-learning platforms, and interactive media.
- These typically cover labour costs and require pre-approval or certification.
◾ Film, TV & Media Production Tax Credits
- Federal and provincial programs support eligible production costs for film, television, and animation.
- Examples include the Canadian Film or Video Production Tax Credit (CPTC) and provincial equivalents in Ontario, Quebec, and British Columbia.
◾ Green & Clean Tech Credits
- Some provinces offer tax credits for investments in clean technology, energy efficiency upgrades, or low-emission manufacturing.
- These are often part of broader climate action strategies and may overlap with capital investment incentives.
◾ Training & Apprenticeship Tax Credits
- Federal and provincial governments provide tax credits to employers who hire apprentices or provide structured, certified training.
- Examples include the Apprenticeship Job Creation Tax Credit (federal) and provincial versions in Ontario, Manitoba, and other provinces.
◾ Investment or Capital Credits
- Certain provinces offer tax credits for purchasing new equipment, expanding facilities, or investing in specific regions (e.g. Northern Ontario).
- These often support manufacturing, processing, or resource-based industries.
✅ How Business Tax Credits Work
While each credit has its own rules, most operate on the same general principles:
- Credits are claimed on your tax return, often through specific schedules or supplementary forms (e.g. T661 for SR&ED).
- You must track eligible expenses, which can include salaries, contractor costs, equipment, or training investments.
- Some credits — especially in digital media or film — require pre-certification or a review process before you can claim them.
- Supporting documentation is critical. You may need to provide payroll records, project summaries, or invoices to verify your claim.
Tax credits can significantly reduce your payable corporate income tax, and in the case of refundable credits, may generate a cash refund even if your company is not profitable.
✅ Federal vs. Provincial Tax Credits
Both federal and provincial governments offer tax credit programs, but they vary in scope, eligibility, and claim process:
◾ Federal Tax Credits
Available to businesses across Canada. These include:
- SR&ED (R&D credits)
- Apprenticeship Job Creation Tax Credit
- Film and digital media tax credits (administered through CRA and heritage departments)
◾ Provincial Tax Credits
Each province offers its own mix of credits aligned with its economic priorities. For example:
- Ontario: Strong support for digital media, apprenticeships, and manufacturing
- Quebec: Leading province for R&D, video game development, and AI-related credits
- British Columbia: Incentives for clean tech, film production, and e-business
- Nova Scotia / PEI / Manitoba: Offer regionally focused credits for hiring, training, and cultural production
Some provincial tax credits can be stacked with federal programs, while others cannot. Always check compatibility when planning your claim.
✅ How to Claim a Business Tax Credit
To access tax credits, your business must:
- Identify eligible activities and expenses – Keep detailed records and separate accounting for qualifying costs
- Confirm program requirements – Some credits require advance registration or pre-approval
- Complete and submit the proper forms when filing your T2 Corporate Tax Return, including:
- T661 (SR&ED)
- Provincial claim forms (e.g. ON479 for Ontario tax credits)
- Schedules 31, 564, or others, depending on the credit
- T661 (SR&ED)
- Work with a tax advisor – Many credits are technical, and a qualified accountant can help ensure compliance and maximize your claim
✅ Alternatives or Complements to Tax Credits
If your business doesn’t qualify for a tax credit — or if you’re seeking additional funding — consider these complementary options:
◾ Grants
Upfront, non-repayable funding to support hiring, R&D, export development, or business expansion.
◾ Subsidies
Reimbursement for specific costs such as wages or training — often easier to access than tax credits for early-stage businesses.
◾ Loans
Government-backed loans with flexible terms, lower interest rates, and options tailored to small business growth.
◾ Equity Investment Programs
For innovation-driven companies, public and private venture capital may be available — particularly in tech, biotech, and clean energy.
✅ Business Tax Credits in Canada: Current Federal & Provincial Tax Credits Available
In the following sections you’ll find business subsidy programs that are currently offered by the Canadian federal government, as well as various provincial governments:
Federal Business Tax Credits Currently Available:
$6,000.00
Tax Credit
Description:
The Training Tax Credit provides refundable income tax credits for employers who employ apprentices enrolled in apprenticeship programs administered through the SkilledTradesBC.
An Enhanced Tax Credit is available to employers of First Nations individuals and persons with disabilities that are entitled to a basic or completion tax credit, or that have received the federal apprenticeship job creation tax credit for the year.
$3,000.00
Tax Credit
Description:
The Training Tax Credit provides refundable income tax credits for employers who employ apprentices enrolled in apprenticeship programs administered through the SkilledTradesBC.
B.C.’s Completion Tax Credit is available for both Red Seal and non-Red Seal apprenticeship programs. The completion credit requires the apprentice to complete level 3 or 4 of a program.
$4,000.00
Tax Credit
Description:
The Training Tax Credit provides refundable income tax credits for employers who employ apprentices enrolled in apprenticeship programs administered through the SkilledTradesBC.
Throught the Basic Tax credit, employers who hire apprentices registered in non-Red Seal programs are eligible to claim 20% of wages up to a maximum of $4,000 per year for each apprentice, for the first 24 months of registration.
No fixed amount
Tax credit
Description:
On March 21, 2025, the Government of Canada announced actions to support workers and businesses in response to tariffs.
To support businesses, the Canada Revenue Agency (CRA) will:
a. Defer GST/HST remittances and corporate income tax payments from April 2 to June 30, 2025
b. Waive interest on GST/HST and T2 instalment and arrears payments that are required to be paid between April 2 and June 30, 2025
c. Provide interest relief on existing GST/HST and T2 balances between April 2 and June 30, 2025
You do not need to provide proof of hardship from or impact of tariffs. The CRA will automatically grant relief on your T2 and GST/HST accounts during the relief period.
Note: Interest will resume starting July 1, 2025.
no fixed amount
Tax Credit
Description:
The Scientific Research and Experimental Development (SR&ED) program uses tax incentives to encourage Canadian businesses of all sizes and in all sectors to conduct research and development in Canada.
no fixed amount
Tax Credit
Description:
This refundable tax credit is a way to return fuel charge proceeds under the federal carbon pollution pricing system directly to eligible farming businesses.
no fixed amount
Tax Credit
Description:
The provincial or territorial foreign tax credit is available to corporations and can be claimed for taxes it paid to another country on foreign non-business income. This credit reduces the provincial tax otherwise payable.
No fixed amount
Tax Credit
Description:
The Livestock Tax Deferral provision allows farmers who sell part of their breeding herd due to drought or flooding in prescribed drought or flood regions to defer a portion of sale proceeds to the following year. To defer income, the breeding herd must have been reduced by at least 15%.
no fixed amount
Tax Credit
Description:
A corporation can claim for an ITC on qualified expenditures for SR&ED.
no fixed amount
Tax Credit
Description:
A corporation can earn ITCs on qualified property acquired mainly for use in designated activities in the Atlantic region.
no fixed amount
Tax Credit
Description:
CCUS is a suite of technologies that capture carbon dioxide (CO2) emissions from fuel combustion, industrial processes, or directly from the air, to either store the CO2 or use it in industry. Businesses that incur qualified CCUS expenditures after 2021 and before 2041 can claim the new refundable CCUS ITC.
no fixed amount
Tax Credit
Description:
The Full Expensing for Manufacturers and Processors allows businesses to immediately write off the full cost of machinery and equipment used for the manufacturing or processing of goods, subject to the Capital Cost Allowance (CCA) rules.
no fixed amount
Tax Credit
Description:
The Full Expensing for Clean Energy Investments allows businesses to immediately write off the full cost of specified clean energy equipment, subject to the Capital Cost Allowance (CCA) rules.
No fixed amount
Tax Credit
Description:
The Film or Video Production Services Tax Credit (PSTC) provides eligible production corporations with a tax credit at a rate of 16 per cent of the qualified Canadian labour expenditures incurred in respect of an accredited production.
Co-administered by the Canadian Audio-Visual Certification Office and the Canada Revenue Agency, the PSTC is designed to enhance Canada as a location of choice for film and video productions employing Canadians, as well as to strengthen the industry and secure investment.
no fixed amount
Tax Credit
Description:
A corporation that is the beneficiary under a qualifying environmental trust can claim a tax credit equal to Part XII.4 tax payable by the trust on that income.
no fixed amount
Tax Credit
Description:
Corporations that have income from logging operations and have paid logging tax to the province of Quebec or British Columbia can claim this credit.
no fixed amount
Tax Credit
Description:
To prevent double taxation, a corporation that pays foreign tax on income or profits it earned from operating a business in a foreign country can claim a federal foreign business income tax credit. This credit reduces the Part I tax that the corporation would otherwise have to pay.
no fixed amount
Tax Credit
Description:
A corporation can claim refundable tax credit that is equal to 30% of the capital cost of eligible clean technology property that is acquired and that becomes available for use after March 27, 2023, and before 2034. The rate will be reduced to 15% in 2034 and nil after 2034.
No fixed amount
Tax Credit
Description:
The CT ITC is a refundable tax credit for capital invested in the adoption and operation of new clean technology (CT) property in Canada from March 28, 2023, to December 31, 2034.
no fixed amount
Tax Credit
Description:
The Canadian journalism labour tax credit is a refundable tax credit that is available to an organization that is a corporation, a trust, or a partnership.
No fixed amount
Tax Credit
Description:
The Canadian Film or Video Production Tax Credit supports Canadian programming and the development of an active domestic production sector.
$2,000.00
Tax Credit
Description:
The Apprenticeship Job Creation Tax Credit is a non-refundable tax credit equal to 10% of the eligible salaries and wages payable to eligible apprentices in respect of employment after May 1, 2006.
no fixed amount
Tax Credit
Description:
A a corporation can claim an air quality improvement tax credit related to the purchase or upgrade of mechanical heating, ventilating, and air conditioning (HVAC) systems. It also applies to the purchase of standalone devices designed to filter air using high efficiency particulate air filters (HEPA).
no fixed amount
Tax Credit
Description:
The Accelerated Investment Incentive provides businesses an enhanced first-year allowance for certain capital property that is subject to the Capital Cost Allowance (CCA) rules. Capital cost allowance (CCA) is the amount of amortization expense that the government will allow a company to deduct from its income for tax reporting purposes. The Accelerated Investment Incentive does not change the total amount that businesses can deduct over the life of a property. By claiming a larger CCA deduction in the first year, businesses will have smaller CCA deductions in future years.
Alberta Business Tax Credits Currently Available:
No funding is involved
Tax Credit
Description:
The Film and Television Tax Credit (FTTC) offers a refundable Alberta tax credit on eligible production costs to corporations that produce films, television series, and other eligible screen-based productions in the province.
No specific amount was identified.
Tax Credit
Description:
The Brownfield Tax Incentive Program encourages the re-development of brownfield sites. Eligible developments could include solar or wind farms.
$175,000,000.00
Tax Credit
Description:
The Agri-Processing Investment Tax Credit (APITC) program provides a 12% non-refundable, non-transferable tax credit when businesses invest $10 million or more in a project to build or expand a value-added agri-processing facility in Alberta. The program is open to any food manufacturers and bioprocessors that add value to commodities like grains or meat, or turn agricultural by-products into new consumer or industrial goods. The tax credit program builds on Alberta’s other competitive advantages. We offer abundant agricultural resources, one of the lowest tax rates in North America, a business-friendly environment, and a robust transportation network with connections to international markets.
B.C. Business Tax Credits Currently Available:
$5,250
Tax Credit
Description:
The shipbuilding and ship repair industry tax credit is a tax credit for eligible employers that employ apprentices in the B.C. shipbuilding and ship repair industry.
No fixed amount
Tax Credit
Description:
The scientific research and experimental development (SR&ED) tax credit is for qualifying corporations that carry on SR&ED in B.C. before September 1, 2027.
Qualifying corporations that are Canadian-controlled private corporations (CCPCs) may claim a refundable tax credit of 10% of the lesser of:
The corporation’s SR&ED qualified B.C. expenditures for the tax year, or
The expenditure limit (generally $3 million), as defined in the federal Income Tax Act
No fixed amount
Tax Credit
Description:
The Reclamation Tax Credit is a refund of previously paid Net Revenue Tax. You’re eligible for this credit if your mine has reclamation costs but no current income to claim them against. For example, if you have reclamation costs but your mine has closed.
No fixed amount
Tax Credit
Description:
The Qualifying Environmental Trust Tax Credit is for eligible corporations that are beneficiaries of qualifying environmental trusts located in BC.
No fixed amount
Tax Credit
Description:
The Provincial Farm Land Tax Credit reduces the amount of school tax you pay by 50%. If you qualify, you will automatically receive the credit on your property tax notice.
No fixed amount
Tax Credit
Description:
The New Mine Allowance encourages the development of new mines and expansion projects. It is calculated as 1/3 of capital costs incurred during the development of the new mine or eligible expansion project.
No fixed amount
Tax Credit
Description:
This tax credit is available to qualifying corporations that own natural gas immediately after the natural gas passed through a liquefied natural gas (LNG) facility inlet meter for a major LNG facility during the taxation year.
No fixed amount
Tax Credit
Description:
The Mining Exploration Tax Credit (METC) is for eligible corporations, and corporations that are active members of partnerships conducting grassroots mineral exploration in BC.
No fixed amount
Tax Credit
Description:
The Logging Tax Credit is for corporations that have paid BC logging tax on income earned from logging operations for the year.
No fixed amount
Tax Credit
Description:
The Interactive Digital Media Tax Credit (IDMTC) is for eligible registered corporations that develop interactive digital media products in B.C. after August 31, 2010 and before September 1, 2023.
No fixed amount
Tax Credit
Description:
The Film and Television Tax Credit is for eligible corporations that produce eligible film or video productions in British Columbia. The credits are for domestic productions with qualifying levels of Canadian content.
This tax credit program consists of six tax credits:
– Basic tax credit,
– Regional tax credit,
– Distant location regional tax credit,
– Film training tax credit,
– Digital animation, visual effects and post-production (DAVE) tax credit,
– Scriptwriting tax credit.
No fixed amount
Tax Credit
Description:
The farmers’ food donation tax credit is a non-refundable income tax credit to encourage farmers and farming corporations to donate certain agricultural products that they produce in B.C. to registered charities, such as food banks or school meal programs.
No fixed amount
Tax Credit
Description:
The Development Potential Relief Program (DPRP) pilot provides tax relief for eligible Light Industry (Class 5) and Business and Other (Class 6) properties. The program aims to help independent businesses and community partners who are paying disproportionately high taxes because of development potential.
No fixed amount
Tax Credit
Description:
The Cumulative Tax Credit lowers the taxes coal and other mines have to pay by reducing the Net Revenue Tax based on the Net Current Proceeds Tax they have paid. This credit ensures that you only pay one of the two taxes.
No fixed amount
Tax Credit
Description:
The clean buildings tax credit is a refundable income tax credit for qualifying retrofits that improve the energy efficiency of eligible commercial and multi-unit residential buildings with four or more units. The retrofit must improve the energy efficiency of an eligible building and meet energy-use targets.
$6,000.00
Tax Credit
Description:
The Training Tax Credit provides refundable income tax credits for employers who employ apprentices enrolled in apprenticeship programs administered through the SkilledTradesBC.
An Enhanced Tax Credit is available to employers of First Nations individuals and persons with disabilities that are entitled to a basic or completion tax credit, or that have received the federal apprenticeship job creation tax credit for the year.
$3,000.00
Tax Credit
Description:
The Training Tax Credit provides refundable income tax credits for employers who employ apprentices enrolled in apprenticeship programs administered through the SkilledTradesBC.
B.C.’s Completion Tax Credit is available for both Red Seal and non-Red Seal apprenticeship programs. The completion credit requires the apprentice to complete level 3 or 4 of a program.
$4,000.00
Tax Credit
Description:
The Training Tax Credit provides refundable income tax credits for employers who employ apprentices enrolled in apprenticeship programs administered through the SkilledTradesBC.
Throught the Basic Tax credit, employers who hire apprentices registered in non-Red Seal programs are eligible to claim 20% of wages up to a maximum of $4,000 per year for each apprentice, for the first 24 months of registration.
No fixed amount
Tax Credit
Description:
The small business venture capital tax credit is for corporations that invest in shares of a registered venture capital corporation or eligible business corporation.
The small business venture capital tax credit encourages investors to make equity capital investments in B.C. small businesses, in order to give small businesses access to early-stage venture capital to help them develop and grow.
No fixed amount
Tax Credit
Description:
The Book Publishing Tax Credit program applies to book publishing corporations that carry out business primarily in B.C.
Manitoba Business Tax Credits Currently Available:
No fixed amount
Tax Credit
Description:
A New or Expanded Business Grant is payable for new or expanded businesses or non-profit organizations that will create and maintain at least new 10 jobs after completion and that align with the economic development objectives in OurWinnipeg 2045 and the Economic Growth Action Plan
No fixed amount
Tax Credit
Description:
A Heritage Buildings Conservation Grant is payable for the conservation of a vacant or underutilized heritage building.
No fixed amount
Tax Credit
Description:
A Surface Parking Lot Redevelopment Grant is payable for a development on a surface parking lot located Downtown
$5,000.00
Tax Credit
Description:
The Paid Work Experience family of tax credits provides qualified employers with a percentage of the wages and salaries paid to certain types of trainee employees and recent graduates working in Manitoba. PWETC includes incentives for hiring youth, co-op students, co-op graduates, apprentices and journeypersons.
$10,000,000
Tax Credit
Description:
The Small Business Venture Capital Tax Credit (SBVCTC) provides a non-refundable Manitoba tax credit of up to 45% to individuals and corporations who acquire equity capital in eligible Manitoba enterprises. The program targets Manitoba companies that want to raise equity from higher net worth individuals, with a minimum investment of $10,000 per investor.
No fixed amount
Tax Credit
Description:
The Manitoba Research and Development Tax Credit provides businesses with a permanent establishment in Manitoba carrying scientific research and experimental development projects in Manitoba a 15% tax credit.
8% tax credit
Tax Credit
Description:
The Manufacturing Investment Tax Credit provides an 8% tax credit to businesses that acquire qualified plant, machinery and equipment for use in manufacturing or processing in Manitoba.
No fixed amount
Tax Credit
Description:
The Manitoba Interactive Digital Media Tax Credit (MIDMTC) is a refundable corporate tax credit designed to help stimulate economic growth and job creation in Manitoba’s interactive digital media industry and attract new investment to the sector.
The MIDMTC provides up to a 40% credit to businesses on qualified labour expenditures, and some marketing and distribution expenses, incurred in the development of eligible interactive digital media products for market.
No fixed amount
Tax Credit
Description:
A refundable tax credit for film and video productions is available, based on eligible salaries paid to Manitoba residents and qualifying non-resident employees for work performed on an eligible film or video produced in Manitoba. The basic rate of the credit has been 45%.
$100,000.00
Tax Credit
Description:
The Book Publishing Tax Credit assists the development of the book publishing industry in Manitoba by providing a tax credit equal to 40% of eligible Manitoba labour costs.
No fixed amount
Tax Credit
Description:
This refundable tax credit promotes the production and purchase of machinery and equipment used to generate renewable energy in Manitoba. Geothermal heating equipment is eligible for a maximum 15% credit and solar thermal heating equipment is eligible for a 10% credit. Biomass fuel energy equipment, installed in Manitoba and used in a business, has become eligible for a 15% credit.
No fixed amount
Tax Credit
Description:
Manitoba printers are eligible for a 35% refundable Cultural Industries Printing Tax Credit on salary or wages to its employees who were resident in Manitoba on December 31 of that tax year for their employment in the printer’s book printing division.
$3,000,000
Tax Credit
Description:
The Community Enterprise Development Tax Credit (CEDTC) provides a refundable Manitoba tax credit of up to 45% to individuals and corporations who acquire equity capital in community-based enterprises in Manitoba.
$20,000,000.00
Tax Credit
Description:
Affordable Housing Now provides eligible projects with support through two funding streams: Tax Increment Financing (TIF) Grants and Capital Grants.
The Affordable Housing Now Program provides support for the development of affordable rental housing that is also eligible through a funding program of the National Housing Strategy.
New Brunswick Business Tax Credits Currently Available:
$125,000.00
Tax credit
Description:
The New Brunswick Small Business Investor Tax Credit provides a 50% (for investments made after April 1, 2015) non-refundable personal income tax credit of up to $125,000 per year (for investments of up to $250,000 per individual investor) to eligible individual investors who invest in eligible small businesses and/or community economic development corporations (CEDC) or associations (co-op) in the province.
It also enables New Brunswick corporations and trusts to be eligible for a 15% non-refundable corporate income tax credit on eligible investments in small businesses in the province up to $500,000.
no fixed amount
Tax credit
Description:
The New Brunswick R&D tax credit is administered by the Canada Revenue Agency and is fully refundable at the rate of 15% on eligible expenditures incurred after December 31, 2002. It is available to corporations, corporations that are beneficiaries of a trust, and corporations that are members of a partnership, with a permanent establishment in New Brunswick, for scientific research and experimental development (SR&ED) carried out in this province.
no fixed amount
Tax credit
Description:
The New Brunswick Dividend Tax Credit is a non-refundable personal income tax credit.
Newfoundland & Labrador Business Tax Credits Currently Available:
$75,000.00
Tax credit
Description:
The Venture Capital Tax Credit Program (VCTC) is a provincial non-refundable tax credit available for both individual and corporate investors, but not trusts, equal to 30% of the amount invested in the qualifying venture capital fund (QVCF) through the purchase of limited partnership units or newly issued shares.
no fixed amount
Tax credit
Description:
The Small Business Tax Rate provides small business owners in Newfoundland and Labrador a reduced rate of 3% to determine the corporate income tax payable.
no fixed amount
Tax credit
Description:
Scientific Research and Experimental Development Tax Credit is a refundable tax credit available to individuals, corporations and partners of partnerships who have conducted scientific research or experimental development activities in the province of Newfoundland and Labrador during the taxation year .
$500.00
Tax credit
Description:
The Political Contributions Tax Credit is a non-refundable tax credit on contributions made to registered political parties, registered district associations or registered non-affiliated candidates.
$2,000,000.00
Tax credit
Description:
The Newfoundland and Labrador Interactive Digital Media (IDM) is a refundable tax credit based on eligible salaries and eligible remuneration incurred by an eligible corporation for the development of interactive digital media products during the period of January 1, 2015 to December 31, 2024 inclusive. Applicants must apply to the Minister of Finance for a tax credit certificate within 18 months of the end of each taxation year.
no fixed amount
Tax Credit
Description:
Corporations that invest in capital property for use in qualified activities in Newfoundland and Labrador can claim a credit of 10% of the capital cost of eligible property to reduce Newfoundland and Labrador tax otherwise payable and in some cases may be refunded a portion of the credit.
no fixed amount
Tax Credit
Description:
Canadian Controlled Private Corporations (CCPC’s) that invest in equipment that generates or conserves renewable-source energy, uses fuels from waste, or makes efficient use of fossil fuels may be entitled to a credit equal to 20% of the capital cost of that equipment.
$5,000,000.00
Tax credit
Description:
The Film and Video Tax Credit is a refundable provincial corporate income tax credit and is provided for eligible local film projects at a rate of 40% of eligible local labor costs, but may not exceed 25% of production costs.
$50,000.00
Tax credit
Description:
The Direct Equity Tax Credit is designed to encourage private investment in new or expanding small businesses as a means of creating new jobs and diversifying the economy. An investment credit, in the form of a provincial income tax credit, is available to individuals and arm’s length corporations who invest as shareholders in eligible small business activities.
$10,000,000.00
Tax credit
Description:
The All Spend Film and Video Production Tax Credit is a 30 percent tax credit which will apply to total qualified production costs.
Nova Scotia Business Tax Credits Currently Available:
no fixed amount
Tax credit
Description:
The Research and Development Tax Credit offers tax relief to Nova Scotia corporations that incur qualified scientific research and experimental development (SR&ED) expenditures made in Nova Scotia, as defined by the federal Income Tax Act.
$750.00
Tax credit
Description:
The Political Contributions Tax Credit can be claimed by individuals or corporation on the contributions made to candidates and recognized parties, as defined under the Nova Scotia Elections Act.
no fixed amount
Tax credit
Description:
The New Small Business Tax Deduction (also known as the Corporate Tax Holiday) eliminates provincial corporate income tax for eligible new small businesses for the first 3 taxation years after incorporation.
$500,000.00
Tax credit
Description:
The Innovation Equity Tax Credit (Innovation ETC) is a non-refundable personal and corporate income tax credit available to eligible investors who invest in approved corporations.
The credit is meant to encourage investors to make equity capital investments in eligible Nova Scotia small and medium corporations engaged in innovative activities contributing to inclusive economic growth and increase investment in innovation that would not happen anyway. The investments incented by this program are meant to provide the capital required for research, development or commercialization of new technology, new products or new processes.
no fixed amount
Tax credit
Description:
The Food Bank Tax Credit for Farmers is a non-refundable income tax credit for individuals or corporations that carry on the business of farming and donate agricultural products to eligible food banks in Nova Scotia.
no fixed amount
Tax Credit
Description:
The Film Industry Tax Credit is a refundable tax credit for costs directly related to the production of films in Nova Scotia.
no fixed amount
Tax credit
Description:
The Digital Media Tax Credit is a refundable tax credit for costs directly related to the development of interactive digital media products in Nova Scotia.
no fixed amount
Tax credit
Description:
The Digital Animation Tax Credit (DATC) is a refundable corporate tax credit that can be claimed for qualifying labour expenditures directly related to the development of eligible digital animation productions by eligible corporations in Nova Scotia.
$100,000,000.00
Tax credit
Description:
The Nova Scotia Capital Investment Tax Credit (CITC) is a refundable corporate tax credit that can be claimed for capital costs directly related to acquiring qualified property for use in Nova Scotia as part of an approved project.
The CITC is aligned, but not harmonized with, the federal government’s Atlantic Investment Tax Credit (AITC).
Ontario Business Tax Credits Currently Available:
no fixed amount
Tax Credit
Description:
The Small Beer Manufacturers’ Tax Credit under the Taxation Act, 2007 provides for a refundable tax credit available to eligible beer manufacturers having worldwide production in the previous year, pursuant to the 2018 Ontario Budget, over 4.9 million litres (49,000 hL) but less than 30 million litres (300,000 hL).
$90,000.00
Tax Credit
Description:
The Regional Opportunities Investment Tax Credit is a 10% refundable Corporate Income Tax that supports business investment, economic growth and job creation in designated regions across the province that lagged in employment growth between 2009 and 2019.
$2,294.00
Tax Credit
Description:
The Political Contribution Tax Credit for Corporations is a non-refundable tax credit available to corporations who participated in the provincial political process by making a financial contribution to an Ontario candidate, constituency association, or political party.
no fixed amount
Tax Credit
Description:
The Ontario Production Services Tax Credit (OPSTC) is a refundable tax credit based upon Ontario qualifying production expenditures (labor, service contracts and tangible property expenditures) incurred by a qualifying corporation with respect to an eligible film or television production.
It can be combined with the federal Film or Video Production Services Tax Credit of 16% of qualified Canadian labor expenditures.
no fixed amount
Tax Credit
Description:
The Ontario Made Manufacturing Investment Tax Credit is a 10% refundable Corporate Income Tax credit for eligible corporations on qualifying investments in buildings, machinery and equipment for use in manufacturing or processing in the province. An eligible corporation could receive a tax credit of up to $2 million a year.
no fixed amount
Tax Credit
Description:
The Ontario Interactive Digital Media Tax Credit (OIDMTC) is a refundable tax credit based on eligible Ontario labor expenditures and eligible marketing and distribution expenses claimed by a qualifying corporation with respect to interactive digital media products.
no fixed amount
Tax Credit
Description:
Ontario Focused Flow-Through Share Tax Credit is a refundable tax credit available to investors who have invested money in flow-through shares. A flow-through share is a type of investment, which takes place when individuals invest money in a corporation that agrees to spend their money on mining exploration in Ontario.
no fixed amount
Tax Credit
Description:
The Ontario Film and Television Tax Credit (OFTTC) is a refundable tax credit based on the qualifying labor expenditures incurred by a qualifying production company for eligible Ontario productions.
no fixed amount
Tax Credit
Description:
The Ontario Dividend Tax Credit is intended to compensate individual shareholders for income tax paid by Canadian companies in which they have invested. Individual investors pay personal income tax on dividends, which are paid from corporate earnings that have already been taxed. The purpose of this tax credit is to avoid this double taxation.
no fixed amount
Tax Credit
Description:
The Ontario Computer Animation and Special Effects (OCASE) Tax Credit is a refundable tax credit equal to 18% of the qualifying labor expenditures for eligible computer animation and special effects activities, incurred by a qualifying corporation in a tax year for an eligible production.
no fixed amount
Tax Credit
Description:
The OCASE Tax Credit is a refundable tax credit based on eligible Ontario labour expenditures incurred by a qualifying corporation during a taxation year with respect to eligible computer animation and special effects activities. The OCASE Tax Credit may be claimed on eligible expenditures in addition to the Ontario Film and Television Tax Credit (OFTTC) or the Ontario Production Services Tax Credit (OPSTC).
$30,000
Tax Credit
Description:
The Ontario book publishing tax credit is a refundable tax credit of 30% on the qualifying pre-press, printing and marketing expenditures incurred during a tax year for an eligible literary work, by an Ontario book publishing company, up to a maximum credit of $30,000 per work.
No fixed amount
Tax Credit
Description:
New multi-residential developments with a building permit issued after April 11, 2001 with six units or more are automatically provided with the optional property tax class at the time of assessment.
No fixed amount
Tax Credit
Description:
The Farm Property Class Tax Rate Program, also known as the “Farm Tax Program,” is one of the ways the province of Ontario supports agriculture. Through the program, farmland owners receive a reduced property tax rate.
no fixed amount
Tax Credit
Description:
The ERASE Tax Assistance (ETA) Program is intended to reduce the tax increase resulting from the remediation and redevelopment of a brownfield site in order to mitigate costs required to remediate historical environmental contamination on brownfield sites in support of their redevelopment/reuse. The tax cancellation provided under this Program enables brownfield sites to be viable candidates for redevelopment relative to non-contaminated sites, supports the intensification/infill of existing vacant and underutilized sites, reduces the need for greenfield lands to accommodate future population and employment growth, and generates new property tax revenue through increased property assessments.
no fixed amount
Tax Credit
Description:
The Community Food Program Donation Tax Credit for Farmers is a non-refundable income tax credit for farmers who donate agricultural products to eligible community food programs in Ontario, including food banks. The credit is worth 25% of the fair market value of the agricultural products donated and can be claimed for donations made on or after January 1, 2014.
no fixed amount
Tax Credit
Description:
The Co-operative Education Tax Credit is a refundable tax credit available to employers who hire students enrolled in a co-operative education program at an Ontario university or college. Most work placements are for a minimum employment period of 10 weeks up to a maximum of four months.
No fixed amount
Tax Credit
Description:
The program promotes brownfield redevelopment and Smart Growth on brownfield sites by providing a major economic catalyst in the form of an upfront reduction of the often large development charges that must be paid when a brownfield property is redeveloped. While most of the potential brownfield properties in the Community Improvement Project Area are already serviced with adequate water, sewer services and roads, large scale redevelopment of brownfield sites may result in incremental increases in demand for both hard and soft services. With the recognition that the cost to provide these incremental services will be substantially lower than to provide new infrastructure and other services on greenfield sites, there is a financial rationale for a lower development charge for brownfield redevelopment.
No fixed amount
Tax Credit
Description:
Brownfield Remediation Tax Assistance (BRTA) is a component of the Economic Development & Growth in Employment Incentive Program. The BRTA program encourages investment in sites where contamination has rendered the property vacant, under-utilized, unsafe, unproductive or abandoned.
PEI Business Tax Credits Currently Available:
Quebec Business Tax Credits Currently Available:
$7,000,000.00
Tax Credit
Description:
This tax measure aims to safeguard Quebec’s print media by offering companies an annual tax credit of up to $7 million for the digital transformation of their activities.
$26,250.00
Tax Credit
Description:
This tax credit supports Québec print media companies by offering them a tax credit of up to $26,250 a year for each eligible employee.
The tax holiday is calculated by applying a rate of 15%, 20%, or 25% to the cumulative total of eligible expenditures related to the project, with a maximum limit of $1 billion in eligible expenditures.
Tax Credit
Description:
This program offers a tax holiday on income generated from eligible activities related to large investment projects in Quebec. It also provides a holiday from employer contributions to the Health Services Fund (HSF) for wages paid to employees involved in these activities. The initiative aims to stimulate economic growth by attracting significant investments to the province.
No specific amount was identified.
Tax credit
Description:
A corporation may claim a tax credit for eligible labour expenses incurred in the production of a sound recording, digital audiovisual recording or clip.
No specific amount was identified.
Tax credit
Description:
A show production company (musical, dramatic, comedy, mime, magic, circus, aquatic show and ice show) can claim a tax credit for eligible labour expenses it incurred in respect of an eligible show.
The refundable tax credit may amount to 37.5% of eligible labour expenditures.
Tax Credit
Description:
Eligible Québec corporations can obtain a refundable tax credit for their labour expenses incurred for the production of multimedia titles.
No specific amount was identified.
Tax credit
Description:
A corporation may claim a tax credit for the production of multimedia events or environments presented outside Quebec in connection with eligible labour expenses it incurred for an eligible production.
This measure supports the production of works by companies that use multimedia and interactivity technologies so that Quebec can shine on the international stage.
No specific amount was identified.
Tax Credit
Description:
The refundable tax credit for the production of events or multimedia environments presented outside Quebec aims to support the production of works by companies that use multimedia technologies and interactivity. The goal is to make Quebec culture shine outside Quebec and open up to new markets.
No specific amount was identified.
Tax credit
Description:
A film or television production company may claim a tax credit for eligible labour expenses it incurred in relation to a property that is a Quebec film production. These labour expenses may include remuneration paid to subcontractors.
$83,333.00
Tax Credit
Description:
This measure is designed to encourage job creation in certain maritime regions of Québec, including Bas-Saint-Laurent, Côte-Nord and Gaspésie–Îles-de-la-Madeleine. Eligible corporations can obtain a tax credit until December 31, 2025.
No specific amount was identified.
Tax credit
Description:
A corporation may claim a tax credit for eligible labour or production expenses incurred in respect of an eligible production.
This measure aims to promote the filming of foreign productions in Quebec and the provision of technical services such as animation and special effects.
No specific amount was identified.
Tax credit
Description:
A corporation may claim a tax credit for the expenditure it incurred in respect of an eligible production.
This tax measure supports dubbing activities carried out in Quebec. It allows companies working in this field to expand their market.
$25,000.00
Tax Credit
Description:
This tax measure is designed to consolidate the development of information technologies (IT) throughout Québec. It provides specialized IT sector corporations that carry out innovative, high-value-added activities a tax credit of maximum $25,000 per eligible employee.
$750,000.00
Tax Credit
Description:
This tax measure is intended to promote business networking and synergy between Québec businesses. It allows an established business (investor) that subscribes to the capital stock of a growing innovative corporation (eligible corporation) to obtain a non-refundable tax credit that can reach an annual maximum of $225,000.
N/A
Tax Credit
Description:
A taxpayer operating a business in Canada can claim a tax credit for contributions or fees paid to an eligible research consortium of which they are a member. Scientific research and experimental development (R&D) activities related to their field of activity must be carried out in Quebec.
No specific amount was identified.
Tax Credit
Description:
In order to benefit from the tax credit for carrying out a design activity (internally or externally), a company must obtain a certificate with regard to a design activity for industrially manufactured goods (or “certificate of activity”).
No specific amount was identified.
Tax Credit
Description:
The measure aims to promote the grouping of private companies that conduct pre-competitive research in Quebec. It allows for a refundable tax credit for eligible expenses incurred as part of a scientific research and experimental development (R&D) project.
No specific amount was identified.
Tax Credit
Description:
The eligibility certificate is used to certify, based on plans and specifications, that a shipbuilding project corresponds to the construction of a prototype ship for the purposes of the refundable tax credit for shipbuilders.
No specific amount was identified.
Tax Credit
Description:
A company that holds an eligibility certificate concerning an eligible marketing business may benefit from a holiday, with respect to Quebec tax, on income from this business, for a period of up to ten years following the date of its incorporation.
No specific amount was identified.
Tax Credit
Description:
This refundable tax credit promotes the consolidation of the industry, reduces the weight of production costs, and allows the production of records with larger budgets. There are three categories of eligible goods: sound recordings, digital audio recordings, and clips.
No specific amount was identified.
Tax Credit
Description:
This refundable tax credit supports the production of shows with more ambitious budgets. The production of a show may give rise to this refundable tax credit as long as it is a musical, dramatic, humor, mime or magic, circus, aquatic or ice show.
No specific amount was identified.
Tax Credit
Description:
The refundable tax credit for film production services, jointly administered by SODEC and Revenu Québec, is designed to stimulate job creation in Québec, essentially by encouraging foreign producers to choose Québec as a filming location.
No specific amount was identified.
Tax Credit
Description:
The refundable tax credit for film dubbing was put in place to support dubbing activities in Quebec. Its purpose is to enable companies in this sector to expand their market. Expenditures eligible for the tax credit are only those relating to certain services inherent in the dubbing process, generally performed by self-employed individuals or by companies acting as subcontractors.
No specific amount was identified.
Tax Credit
Description:
A company that has an establishment in Québec and operates a book publishing company can, under certain conditions, claim a tax credit for qualified labor expenses engaged for publishing an eligible book written by eligible Quebec authors.
No specific amount was identified.
Tax Credit
Description:
The refundable Québec Tax Credit for Film Production Services (QPSTC) is designed to stimulate job creation in Québec, essentially by encouraging foreign producers to choose Québec as a filming location.
$18,000
Tax Credit
Description:
A corporation or partnership that carries out a major investment project in Quebec after March 21, 2023 may, under certain conditions, benefit from a combination:
income tax holiday;
And
employer contribution holiday to the Health Services Fund.
The tax holiday that the company or partnership can benefit from can reach 15%, 20% or 25% of the total eligible investment expenses relating to the completion of its major investment project, the rate being determined according to the territory where the project is carried out.
The new tax holiday lasts for 10 years.
$120,000
Tax Credit
Description:
These tax measures were put in place by the Ministry of Finance to support entrepreneurship in the financial sector. More specifically, they target the creation of new financial services companies (NSSF) in Quebec.
To benefit from it, a company must hold the certificate and annual attestations required under the Act respecting the sectoral parameters of certain fiscal measures (RLRQ, chapter P-5.1) This link opens in a new windowThe certificate is valid for a maximum of five years .
$18,000
Tax Credit
Description:
These tax measures were put in place by the Ministry of Finance to encourage the establishment and development of new projects by companies specializing in international financial activities in the Montreal metropolitan area . To benefit from these measures, a company must have the status of an international financial center (IFC).
$50,000.00
Tax Credit
Description:
Investissement Quebec provides loans and loan guarantees to businesses that are eligible for tax credits. Financing is granted for up to 100% of the refundable tax credits anticipated in one fiscal year and starts at $50,000 for SRED tax credits and at $20,000 for other tax credits.
No specific amount was identified.
Tax credit
Description:
A corporation may claim a tax credit for eligible labour expenditures it incurred and paid for the publication of an eligible work or an eligible group of works.
Can cover up to 100% of property taxes on eligible agricultural properties. The exact percentage varies based on specific program conditions and the characteristics of the farm.
Tax Credit
Description:
The Farm Property Tax Credit Program (FPTC) aims to pay a portion of farm property taxes to financially assist owners of registered farms.
Saskatchewan Business Tax Credits Currently Available:
$250,000,000
Tax Credit
Description:
The Saskatchewan Value-added Agriculture Incentive (SVAI) is a non-refundable, non-transferable tax credit on capital expenditures valued at $10 million or more for newly constructed or expanded value-added agriculture facilities in Saskatchewan.
$140,000.00
Tax Credit
Description:
STSI is designed to encourage investment in early-stage technology startups that bring new products to market and create jobs in Saskatchewan. The program offers a non-refundable 45% tax credit to Saskatchewan-based investors who invest in Eligible Technology Startup Businesses (ESBs). Tax credits are allocated on a first-come, first-served basis.
No fixed amount
Tax Credit
Description:
The Saskatchewan Research and Development (R&D) Tax Credit is designed to encourage private-sector R&D investment in Saskatchewan. It is available in respect to qualifying R&D expenditures incurred by corporations in Saskatchewan.
$5,000,000
Tax Credit
Description:
The Saskatchewan Petroleum Innovation Incentive (SPII) offers transferable Crown royalty and freehold production tax credits for qualified innovation commercialization projects at a rate of 25 per cent of eligible project costs. The program targets a broad range of innovations deployed across all segments of Saskatchewan’s oil and gas industry.
The SPII program is open to both pilot projects and commercial scaling projects – giving applicants the ability to test their innovations in a pilot setting then deploy them at larger commercial scales. In addition, projects executed on multiple sites and projects that include multiple phases may be considered eligible for the program under a single project application.
SPII is administered by the Ministry of Energy and Resources.
No fixed amount
Tax Credit
Description:
Saskatchewan residents can invest in mineral exploration activities within the province by purchasing eligible flow-through shares issued by approved mineral exploration companies under the Saskatchewan Mineral Exploration Tax Credit (SMETC) program. The tax credit is 45 per cent to 60 per cent (30 per cent provincial and 15 per cent to 30 per cent federal).
Flow-through shares allow mineral exploration companies to renounce or “flow through” tax expenses associated with their Saskatchewan exploration activities to investors, who can deduct the expenses in calculating their own taxable income.
No fixed amount
Tax Credit
Description:
The Saskatchewan Manufacturing and Processing (M&P) Investment Tax Credit (ITC) is available
to all M&P corporations filing a T2 Corporation Income Tax (CIT) return with some allocation of
taxable income to Saskatchewan. It is designed to encourage plant and equipment investment
for use in M&P activities in Saskatchewan. The ITC applies as a percentage of the total capital
cost of eligible building, machinery and equipment purchases.
$10,000
Tax Credit
Description:
The Manufacturing and Processing (M&P) Exporter Tax Incentives provide non-refundable tax credits to eligible corporations that expand the number of M&P-related full time employees above the number that were employed in 2014
No fixed amount
Tax Credit
Description:
The Saskatchewan Critical Minerals Innovation Incentive (SCMII) offers transferable royalty credits for qualified innovation commercialization projects at a rate of 25 per cent of eligible projects costs. SCMII targets a broad range of innovations deployed across all segments of Saskatchewan’s aluminum, cobalt, copper, gallium, helium, lithium, magnesium, natural graphite, nickel, rare earth elements and zinc industries.
The SCMII program is open to both pilot projects and commercial scaling projects – giving applicants the ability to test their innovations in a pilot setting then deploy them at larger commercial scales. In addition, projects executed on multiple sites and projects that include multiple phases may be considered eligible for the program under a single project application.
The Ministry of Energy and Resources may recognize the re-deployment of an existing innovation as an eligible project as long as it is demonstrated that:
It is considered necessary to overcome substantial technical challenges or proof of concept challenges; or
It is conducted under different operating conditions that pose significantly new technical challenges.
SCMII is administered by the Ministry of Energy and Resources.
No fixed amount
Tax Credit
Description:
The Saskatchewan Commercial Innovation Incentive (SCII or ‘Patent Box’) is a new-growth tax incentive that offers eligible corporations a reduction of the provincial Corporate Income Tax Rate (CIT) to six per cent for 10 consecutive years for eligible corporations that commercialize their qualifying intellectual property in Saskatchewan. Companies can extend the benefit period to 15 years if at least 50 per cent of the related research and development (R&D) in advance of commercialization occurred and was conducted in Saskatchewan.
This new growth tax incentive is open to any company, operating in any sector, from anywhere in the world, regardless of where or when the R&D for the qualifying intellectual property occurred.
The first of its kind in North America, this patent box style incentive applies to a wide variety of intellectual property types, including patents, plant breeders’ rights, trade secrets and copyrights (computer programs and algorithms).
The SCII is administered by the Ministry of Trade and Export Development. The Industrial Research Assistance Program, a division of the National Research Council, will provide technical assessment services for the SCII application’s scientific eligibility evaluation.
No fixed amount
Tax Credit
Description:
The Saskatchewan Chemical Fertilizer Incentive (SCFI) is a non-refundable, non-transferable 15% tax credit on capital expenditures valued at $10 million or more for newly constructed or expanded eligible chemical fertilizer production facilities in Saskatchewan.
Companies apply the benefit against corporate income tax (CIT) owing and are able to claim the benefit over a three- to 10-year period once the new or expanded facility is brought into operation.
Eligible chemical fertilizer production is defined as: All processing of mineral and chemical feedstock to create single or multi-nutrient synthetic fertilizer products. This definition excludes facilities that manufacture potash fertilizer products for which potash is the primary feedstock.
No fixed amount
Grant, Tax Credit
Description:
The City provides financial support for property and business owners to make exterior improvements to their property, building code compliance improvements and other improvements contributing to revitalization and beautification within established areas of the city.
$40,000,000
Tax Credit
Description:
The Oil Infrastructure Investment Program (OIIP) offers transferable Crown royalty and freehold production tax credits for qualified projects at a rate of 20 per cent of eligible project costs.
OIIP is open to new or expanded oil, refined petroleum product, natural gas liquids or carbon dioxide pipeline projects, including:
• Transmission pipelines.
• Feeder pipelines (including trunk and branch pipeline systems).
• Pipeline terminals.
• Enabling infrastructure investments that are directly linked and dedicated to an eligible project and are required to bring that project into • service, may also be considered as eligible.
OIIP is administered by the Ministry of Energy and Resources.
$75,000,000
Tax Credit
Description:
The Oil and Gas Processing Investment Incentive (OGPII) offers transferable crown royalty and freehold production tax credits for qualified greenfield or brownfield value-added projects at a rate of 15 per cent of eligible program costs.
OGPII is open to value-added projects across all segments of Saskatchewan’s oil and gas sector as well as chemical fertilizer facilities. Eligible projects include:
• Refineries/upgrading facilities (i.e., partial upgraders, asphalt production, and sulphur removal units);
• Petrochemical facilities (i.e., methanol, ammonia, polypropylene, olefins, and ethylene);
• Associated gas commercialization projects (i.e., processing facilities, waste-gas-to-power etc.);
• Regional gas gathering projects and projects with multiple phases may also be considered under a single project application;
• Carbon capture, utilization and storage for enhanced oil recovery;
• Commercialization of oil and gas production byproducts and waste products; and,
• Chemical fertilizer facilities;
OGPII is administered by the Ministry of Energy and Resources.
No fixed amount
Tax Credit
Description:
The Manufacturing and Processing (M&P) Profits Tax Reduction applies to firms in the manufacturing and processing industry. Eligible corporations can reduce their Saskatchewan income tax rate on Canadian manufacturing and processing profits by as much two percentage points. Saskatchewan-based firms with a high allocation of income to Saskatchewan will receive a larger tax reduction than firms with a low allocation of income.
$50,000.00
Grant, Tax Credit
Description:
The City provides financial incentives to assist developers with financing Intensification projects, encouraging residential, commercial and mixed-use intensification in established areas of the city.
No fixed amount
Tax Credit
Description:
Capital grants are available to undertake pre-development work needed to determine the feasibility of a housing project. This includes but is not limited to site and infrastructure studies, site and building plans, energy and accessibility modelling, etc. This incentive is available to non-profit housing providers city-wide and to private developers in the City Centre, and North Central, and Heritage neighbourhoods
No fixed amount
Tax Credit
Description:
Per unit capital grants and a five-year, 100% tax exemption are available for new affordable rental and ownership housing citywide, with priority given to developments in the City Centre, North Central and Heritage neighbourhoods
No fixed amount
Tax Credit
Description:
The Farm and Small Business Capital Gains Tax Credit applies Saskatchewan’s lowest statutory tax rate to eligible taxable capital gains in excess of the capital gains deduction. The eligible capital gains must have arisen from the disposition of “qualified farm property” or “qualified small business corporation shares.”
No fixed amount
Tax Credit
Description:
The Critical Minerals Processing Investment Incentive (CMPII) complements the new Saskatchewan Critical Minerals Innovation Incentive program. CMPII offers transferable Crown royalty/freehold production tax credits for qualified greenfield or brownfield value-added processing projects at a rate of 15 per cent of eligible program costs. CMPII is open to value-added processing projects across all segments of Saskatchewan’s aluminum, cobalt, copper, gallium, helium, lithium, magnesium, natural graphite, nickel, rare earth elements and zinc industries.
No fixed amount
Tax Credit
Description:
Administered by SREDA, the City of Saskatoon established tax abatement incentives to encourage the attraction and expansion of businesses to facilitate investment and long-term job creation.
These Business Development Incentives may include exemptions or reductions of city taxes or fees, waiving of utility deposits and down payments on land, and exemptions or reductions of prepaid servicing levies.
Yukon Business Tax Credits Currently Available:
No fixed amount
Tax Credit
Description:
The Research and Development Tax Credit is a refundable corporate and personal income tax credit of 15% for scientific research and experimental development carried out in Yukon.
No fixed amount
Tax Credit
Description:
An individual or a corporation can claim a tax credit for contributions to a recognized territorial political party or candidate for election to the Yukon Legislative Assembly.
No fixed amount
Tax Credit
Description:
Large corporations engaged in manufacturing and processing may claim up to 9.5% on profits earned in Yukon.
No fixed amount
Tax Credit
Description:
A foreign tax credit is a deduction from your payable Yukon tax.
You can claim this credit if you’ve already paid foreign income or profits tax.
The credit ensures that you are not taxed twice on the same income.
No fixed amount
Tax Credit
Description:
Yukon corporations or cooperatives can apply to the Yukon Business Investment Tax Credit for an individual tax credit for Yukon investors.
This tax credit allows Yukon entities to issue shares to Yukon investors in exchange for an agreed upon return and an individual tax credit of 25 per cent on the amount invested.
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Maurice
