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Unclaimed
Discovery tool, not advice. Every figure is the published rule, not a decision on your case.
Tax credits

Ontario Innovation Tax Credit (OITC)

Status

Open continuously

No deadline — apply whenever you are ready.

Always open
Amount
240,000 CAD

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.

Funder

Ontario Ministry of Finance / Canada Revenue Agency

public · regional

Deadline: Open all year — Claimed on Schedule 566 with the corporate T2 return; same 18-month reporting deadline as federal SR&ED.

Your odds
Not published

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.

Effort
moderate

Moderate — a form and supporting documents.

Who can apply

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

  1. Prepare the federal SR&ED claim (Form T661).
  2. Complete Ontario Schedule 566.
  3. File with the T2 return.

What you will need

Related reading: How grant deadlines actually work · R&D tax credit vs. grant: the difference that changes your claim

Apply on the funder's site

Source. https://www.ontario.ca/page/ontario-innovation-tax-credit · not human-checked

Verified on 14 August 2026

Source: www.ontario.ca

Similar programmes

Saskatchewan Technology Start-up Incentive (STSI)

Status not published

Government of Saskatchewan / Innovation Saskatchewan

Alberta Innovation Employment Grant (IEG)

Status not published

Government of Alberta, Treasury Board and Finance

Crédit d'impôt pour le développement des affaires électroniques (CDAE)

Status not published

Investissement Québec / Revenu Québec

BC Interactive Digital Media Tax Credit (IDMTC)

Status not published

Government of British Columbia / Canada Revenue Agency

Crédit d'impôt pour la recherche, l'innovation et la commercialisation (CRIC)

Open continuously

Revenu Québec

Scientific Research and Experimental Development (SR&ED) tax incentives

Open continuously

Canada Revenue Agency (CRA)

Paid, separate from Unclaimed

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