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Ontario Business-Research Institute Tax Credit (OBRITC)

Ontario Ministry of Finance / Canada Revenue Agency

Up to $4M

20% refundable credit on qualified expenditures; expenditures capped at $20 million annually; maximum annual credit $4 million

Refundable credit for corporations that contract eligible Ontario research institutes (e.g. universities, colleges) to perform SR&ED.

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How to apply

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Who qualifies

Corporation with a permanent establishment in Ontario, not tax-exempt, with an eligible contract with an eligible research institute and not connected to the institute. File Schedule 568 with the T2 and Schedule 569 for each contract. Small businesses can also claim the OITC on the same expenditures.

CorporationResearchers

Good to know

  • Funding: Qualified expenditures capped at $20 million annually.
  • Cost share: 20% of eligible costs
  • Notes: Quotes are from the fetch tool's summary of the page.

Evidence from the official page

  • amount“20% refundable tax credit” source ↗
  • amount“The maximum annual tax credit is $4 million.” source ↗

Verified 2026-10-07 · Medium confidence. Always confirm on the official page before applying.