Tax Credit Information
Ontario Co-operative Education Tax Credit offers up to $3,000 of a tax credit to qualifying employers for each four month work term.
Click here to learn more about the Ontario Co-operative Education Tax Credit.
Scientific Research and Experimental Development (SR&ED) program - Generally, a Canadian-controlled private corporation (CCPC) can earn an investment tax credit (ITC) of 35% up to the first $3 million of qualified expenditures for SR&ED carried out in Canada, and 20% on any excess amount. Other Canadian corporations, proprietorships, partnerships, and trusts can earn an ITC of 20% of qualified expenditures for SR&ED carried out in Canada.
Other sources of funding or tax credits that may interest your organization:
Achieving Innovation Manufacturing Excellence (AIME) Initiative
Canadian Manufacturers & Exporters, SMART Prosperity Now
Eastern Ontario Development Fund
Mitacs (national, not-for-profit research organization)
National Research Council of Canada, Industrial Research Assistance Program
Northern Scientific Training Grants Program
Ontario Interactive Digital Media Tax Credit
Rural Economic Development Program
*Note: Please be advised that Co-operative Education Tax Credit Letters are sent to employers at the end of each completed work term.