Regional Opportunities Investment Tax Credit

A 10% refundable Corporate Income Tax credit, up to $45,000, for Canadian-controlled private corporations that build, renovate or acquire eligible commercial or industrial buildings in designated regions of Ontario.

Must be a Canadian-controlled private corporation throughout the tax year, have a permanent establishment in Ontario at the time the eligible investment is made, and make an eligible investment (building, renovating or acquiring eligible commercial or industrial buildings) in a designated region of Ontario.