Tax credit · not repaid

Ontario Innovation Tax Credit

Government of Ontario, Ministry of Finance · Ontario

OpenResearchGeneral
Funding
Up to $240,000
Up to $240,000 per year
Deadline
Ongoing
Open, accepted on an ongoing basis (no fixed deadline).
Type
Tax credit · not repaid
Company stage
SME, Early Stage / Startup, Large Corp

Overview

A refundable tax credit of 8% of eligible scientific research and experimental development (SR&ED) expenditures performed in Ontario, based on an annual expenditure limit of $3 million.

Who can apply

  • Not specified on listing - verify on program website.
  • Implied: must perform eligible scientific research and experimental development in Ontario
  • credit is reduced/eliminated where prior-year federal taxable income exceeds $500,000-$800,000 or prior-year taxable capital exceeds $25-$50 million.
Not sure if you qualify?Book a call with SeedPort to see whether Ontario Innovation Tax Credit fits your company and what you would need to apply.
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What it can pay for

R&D

Past recipients

No public list of past recipients is linked for this program yet.

Official source

Program details change. Always confirm eligibility, amounts and deadlines on the official page before you apply.

Official program page →

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Last checked by SeedPort: Oct 15, 2026. SeedPort is not affiliated with the funder. Information is summarized from public sources and may be out of date.