Ontario Innovation Tax Credit (OITC)
Open continuously
No deadline — apply whenever you are ready.
8% refundable tax credit on qualified SR&ED expenditures up to an annual expenditure limit of CAD 3 million, so a maximum of about CAD 240,000 per year. Claimed alongside the federal SR&ED claim.
Ontario Ministry of Finance / Canada Revenue Agency
public · regional
Deadline: rolling — Claimed on Schedule 566 with the corporate T2 return; same 18-month reporting deadline as federal SR&ED.
This funder does not publish a success rate. We rank it using the rate observed across similar programmes and label it as an estimate rather than implying we know.
Moderate — a form and supporting documents.
Who can apply
- Stage: pre_seed, seed, series_a, growth
- R&D activity required
- Locally registered entity required
Corporation with a permanent establishment in Ontario carrying out SR&ED in Ontario; credit phases out based on taxable income and taxable capital.
How to apply
- Prepare the federal SR&ED claim (Form T661).
- Complete Ontario Schedule 566.
- File with the T2 return.
What you will need
- Form T661
- Ontario Schedule 566
- R&D project records
Source. https://www.ontario.ca/page/ontario-innovation-tax-credit — checked 2026-08-14 · not human-checked