Ontario Business Research Institute Tax Credit (OBRITC)

By mmuise
Description:

The Ontario Business-Research Institute Tax Credit is fully refundable at the rate of 20% of qualified expenditures. It is available to corporations and corporations that are members of partnerships (other than specified members) with a permanent establishment in the province of Ontario in respect of qualified expenditures on SR&ED incurred under eligible contracts with eligible research institutes (ERIs).


Comments on Funding:

Funding is 20% of qualified expenditures.
There is a $20 million annual cap. The cap must be allocated within an associated group of corporations.

Deadline: Rolling deadline
Eligibility:

Applicants must:

  • be corporations,
  • be corporations that are members of partnerships (other than specified members),
  • have a permanent establishment in the province of Ontario,
  • have SR&ED expenditures incurred under eligible contracts with eligible research institutes (ERIs).
Application Steps:

No specific steps have been identified.

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

Date modified: 2023-08-28

About the author
mmuise