The 2019 Ontario Budget announced the Ontario Job Creation Investment Incentive.
This incentive parallels the immediate write-off measures and the Accelerated Investment Incentive announced in the federal government's Fall Economic Statement 2018. Under these measures:
- Manufacturing and processing machinery and equipment and specified clean energy equipment can be immediately written off, and
- Most other capital investments are eligible for an Accelerated Investment Incentive that provides a depreciation rate of up to three times the normal rate in the first year the asset is put into use.
For more information, see More about the Ontario Job Creation Investment Incentive
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
