Administered by Government of Ontario · Last verified: July 2026
Ontario's refundable tax credit for businesses conducting R&D in Ontario. Smaller companies get a higher rate. Even if you have no taxable income, you can get a cheque from the government.
You claim this on your tax return, so the money comes back as a lower tax bill or a refund after you file. If you missed it in a past year, you can often still recover it by adjusting a prior return.
Take the 3-minute quiz to find out, and see every other Canadian program you qualify for at the same time.
Check my eligibilityOntario Innovation Tax Credit (OITC) is generally open to incorporated businesses, in Ontario, that carry out research and development. Confirm the full criteria on the official program page before applying.
The estimated value is 8% to 12% of eligible R&D expenditures. The actual amount depends on your eligible costs, the program's budget, and approval.
Claimed on a return, so a missed year can usually be recovered by amending. How far back depends on whether you file personally or as a corporation; confirm the eligible years with your accountant.
1. Document all R&D activities and costs in Ontario 2. Determine eligible expenditures with your accountant 3. File Schedule 508 with your Ontario corporate return 4. Receive refund even if no taxes owed
Annual: file with your Ontario corporate return.