Ontario Business Research Institute Tax Credit (OBRITC)

Website and Administrative Organization(s):		Ontario Business Research Institute Tax Credit (OBRITC) Ministry of Revenue (Government of Ontario)
Relevance:		Program or service that is directly targeted to the funding or support of large, new and/or strategic advanced technology initiatives.
Industry:		All Industries
Location:		Ontario
Objective(s):		The Ontario Business Research Institute Tax Credit provides a qualifying corporation with a 20 percent refundable tax credit for a scientific research and experimental development expenditures incurred in Ontario under an eligible contract with an eligible research institute. With an annual $20 million cap on qualifying expenditures, the maximum tax credit a corporation or an associated group of corporations can claim is $4 million. Small businesses may claim the 20 percent OBRITC in addition to the 10 percent Ontario Innovation Tax Credit for a combined tax credit of 30 percent of qualifying expenditures.
Focus:		Financing Primary Research Pre-commercialization Technology Development
Eligibility:		Eligible applicants include Canadian corporations and small and medium-sized businesses.
Value:		For corporations and association groups: with an annual $20 million cap on qualifying expenditures, the maximum tax credit for corporations and association groups is $4 million. For small businesses small businesses may claim the 20 percent OBRITC in addition to the 10 percent Ontario Innovation Tax Credit for a combined tax credit of 30 percent of qualifying expenditures.
Application Process:		See under "How to Apply" on the web page: Ontario Business Research Institute Tax Credit (OBRITC).