Are there Provincial or Territorial SR & ED incentives?
Yes. Most Provincial and Territorial governments provide SR & ED incentives, either separately or as part of the Federal Program. For more information, please contact us. 1.2. Ontario Government SR & ED Tax Credits Question: I have heard that the Ontario Government also offers SR & ED Tax Credits. Tell me more! Answer: Provinces such as Ontario have expanded their eligibility requirements for refundable tax credits, enabling certain non-CCPCs to receive a cash refund, even though they are not eligible for a federal refundable credit. In Ontario the Ontario Innovation Tax Credit (OITC) is 10% of qualified SR & ED expenditures. Also Ontario does not require the federal ITC to be added into income for Ontario tax purposes. These criteria are constantly changing however, so please contact our office for an up-to-date assessment of your Companys eligibility. 1.3.
