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Ontario Research and Development Tax Credit - Canadian SR&ED Solutions

At Canadian SR&ED Solutions, we provide a comprehensive R&D assessment for every sector of Canadian Industry in a proactive and efficient manner. We use simplified procedures that ensure compliance with the SR&ED program. For more information, get in touch today at 587 200 4163 or visit the website https://canadiansred.ca/regional-offices/ontario-sred/

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Ontario Research and Development Tax Credit - Canadian SR&ED Solutions

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  1. Ontario Research and Development Tax Credit Canadian SR&ED Solutions

  2. Claim Ontario Tax Credit You can claim Ontario tax credit if you have a permanent establishment in Ontario and you had available expenditures for scientific research and experimental development carried out in Ontario.

  3. Companies based in Ontario can take advantage of several different tax credits: • Ontario Innovation Tax Credit (OITC) • Ontario business-research institute tax credit (OBRITC) • Ontario research and development tax credit (ORDTC) • Ontario Transitional Tax Debits and Credits

  4. Ontario Innovation Tax Credit (OITC) OITC has been administered by CRA since December 31, 2008. This credit is refundable at the rate of 10% for tax years ending before June 1, 2016, 8% for tax years starting after May 31, 2016 and prorated for a year that includes May 31, 2016.

  5. The refundable tax credit rate refers to the smaller amount of eligible expenditure incurred by the company in Ontario and its total expenditure limit.  • The annual spending limit of $3 million of eligible spending is phased out when the taxable paid-up equity of the company passes $25 million for its preceding tax year.

  6. Canadian SR&ED Solutions At Canadian SR&ED Solutions, You will come across the best consultants at Canadian SR&ED Solutions, who possess thorough knowledge and skill of R&D. They give 100% and make sure our clients get every penny that rightfully belongs to them, so they represent the best value for money.

  7. Thanks! Do you have any questions? info@canadiansred.ca 587 200 4163 www.canadiansred.ca

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