Ontario Research and Development Tax Credit

Amount

Varies

Deadline

Rolling

Odds

Formula-based, not competitive

Effort

Ongoing, filed with

Can you get this?

✓Must be a corporation with Ontario permanent establishment

✓Must conduct SR&ED activities in Ontario

✓Must qualify for federal SR&ED investment tax credit

✓Must file federal form T661 for the tax year

✕Tax-exempt corporations are not eligible

Your real odds

This is a formula-based tax credit, so if you meet the criteria and file correctly, you receive it.

The real risk is failing to qualify at the federal SR&ED level first, because Ontario eligibility ties directly to federal eligibility, and clearing that federal bar is often the harder step.

What it takes

File federal SR&ED claim on form T661 with your T2 returnOngoing, filed with annual corporate tax return

Complete Ontario Schedule 508 and file with your T2 returnSame filing as your annual corporate tax return

Track any unused credits for carry-back (3 years) or carry-forward (20 years)At tax filing time

Worth knowing

The Ontario Innovation Tax Credit counts as government assistance and reduces your eligible expenditures for this credit, so if you claim both, work through the order carefully with your accountant before filing.

Apply on funder's site →

What else do you qualify for?

Filter nearly 3,000 opportunities by identity, stage, and region.

Identity

Stage

Region

Select all three to see your result.

This is 1 of nearly 3,000 open opportunities.

$50B+ in available capital across grants, VC funds, CDFIs, and accelerators. Filter by your industry, stage, and region, and see everything you qualify for.

Explore the funding database →

$19/month · cancel anytime