The 2020 Ontario Budget - Ontario's Action Plan: Protect, Support, Recover is proposing changes to various cultural media tax credits and the Research and Development Tax Credit.
Learn more.
The March 2020 Economic and Fiscal Update, Ontario's Action Plan 2020 Responding to COVID‑19 is proposing changes to the Taxation Act, 2007. Learn more.
A number of tax credits and incentives are available to businesses in Ontario to help lower costs, hire/train workers, compete in the marketplace and support various sectors.
Below you'll find a list of tax credits and incentives available to businesses and learn more about how to receive them.
Training
Refundable tax credits are available to employers who hire and train apprentices in certain skilled trades and eligible university or college students enrolled in a recognized post-secondary co‑operative education program.
Cultural Media
The Ontario Government offers a suite of cultural media tax credits. The Ontario Media Development Corporation (OMDC) assesses and certifies company and product eligibility for the cultural media tax credits.
- Ontario Book Publishing Tax Credit
- Ontario Computer Animation and Special Effects Tax Credit
- Ontario Film and Television Tax Credit
- Ontario Interactive Digital Media Tax Credit
- Ontario Production Services Tax Credit
- Ontario Sound Recording Tax Credit
- Frequently Asked Questions about Ontario Cultural Media Tax Credits
Municipalities
Research and Innovation
- Ontario Business Research Institute Tax Credit
- Ontario Innovation Tax Credit
- Ontario Research and Development Tax Credit
Regional Investment
A new refundable corporate income tax credit is available to support businesses that construct, renovate or acquire eligible commercial and industrial buildings in designated regions across Ontario:
Other Tax Credits and Incentives
- Accelerated write-off measures
As announced in the Ontario 2019 Budget, Ontario parallels the federal government in allowing businesses to accelerate write-offs of capital investments.
Read on: Claiming capital cost allowance
- Community Food Program Donation Tax Credit for Farmers
- Political Contribution Tax Credit
- Small Beer Manufacturers Tax Credit
