Can you stack NRC Industrial Research Assistance Program (IRAP) and Ontario Innovation Tax Credit (OITC)?
Yes. NRC Industrial Research Assistance Program (IRAP) and Ontario Innovation Tax Credit (OITC) can be combined. They fund different things, so the trick is simple: apply to each separately and never claim the same dollar twice. Together they reach up to $50K+ in potential value.
NRC Industrial Research Assistance Program (IRAP)
Canada's flagship innovation program. Funds salary costs for technical staff working on R&D projects that create or improve products, processes, or services.
Ontario Innovation Tax Credit (OITC)
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.
How to stack them
- 01Confirm you meet each program's eligibility on its own. NRC Industrial Research Assistance Program (IRAP) and Ontario Innovation Tax Credit (OITC) are assessed separately.
- 02Apply to each program through its own application. There is no combined form.
- 03Allocate distinct costs to each program. You cannot claim the same dollar of expense under both, but you can fund different parts of the same project.
- 04Track both deadlines and keep the paperwork separated, so each claim stands on its own.
Stacking rules vary by program and change over time. Confirm the current rules with each program, or take the quiz and we will flag the combinations you qualify for.