Ontario Business/Research Institute Tax Credit (OBRITC)

Ontario Research and Development Tax Credit (ORDTC)

Eligible corporations can claim a 10 per cent refundable tax credit for qualified expenditures on scientific research and experimental development performed in Ontario.

This tax credit and the Ontario research and development tax credit may be claimed on the same scientific research and experimental development expenditures.

Adds 10% to SR&ED Program.  10% refundable tax credit for SR&ED carried out in Ontario.

OBRITC provides 20% additionally for SR&ED that takes place in an eligible Ontario research institute, college or university. 

ORDTC = 4.5% for more information visit: http://www.rev.gov.on.ca/english/credit/oitc and http://www.rev.gov.on.ca/english/credit/obritc/