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ProvincialTax creditOntarioLOW competitionMEDIUM complexity

Ontario Innovation Tax Credit (OITC)

Administered by Ontario Ministry of Finance

Ontario provincial credit that stacks on SR&ED at 8% refundable for Ontario R&D expenditures.

Per-organization
Varies
Deadline
Rolling intake
Decision
~20 weeks
Match required
No

About the program

OITC provides an 8% refundable credit on eligible Ontario SR&ED expenditures, up to a $3M expenditure cap. Automatically claimed alongside federal SR&ED via schedule T2SCH566.

◆ Funding structure

How much is on the table

The total program pool, per-organization max, and what your contribution has to be.

Total program pool
Not disclosed

This program does not publish an aggregate annual funding pool.

Per organization
Varies

No matching contribution required.

◆ Your fit

Does your organization qualify?

Run your business through the Grant Finder for a live eligibility check against every requirement in this program.

Check your eligibility in 60 seconds

Tell us a few things about your business and we'll run a live eligibility check against this program — and surface every other Canadian program you qualify for.

Find your matches →
◆ GovMoney analysis

Worth applying?

Automatic if you're claiming SR&ED with Ontario R&D. Not a separate program — make sure your SR&ED preparer files the T2SCH566.

◆ Model the numbers

What could this program fund for you?

Live estimator using this program's rate and cap. Drag the slider to see the impact on your project.

◆ ROI calculator

Model your funding

Enter the total cost of the project you want to fund with OITC. We'll estimate the grant amount, your matching contribution, and your net cost.

$
$5K$500K
Program parameters
Funding rate35% (est.)
Per-org capNo cap
Match requiredNo
Your take
Program funds you
Your contribution
Total project
Effective cost to you

Estimates are illustrative — actual funding depends on eligibility, cost classification, and review outcomes. For a firm quote, book a call with our team.

◆ We can file this for you

Skip the paperwork — hand it off

GovMoney's team can prepare, submit, and defend your OITC application end-to-end.

◆ Done-for-you filing

Let GovMoney handle the paperwork

PhDs, CPAs, and ex-CRA auditors prepare, submit, and defend your application — audit-ready, on a success-fee basis. You stay focused on the business; we handle the forms, the narrative, and the back-and-forth with the agency.

Book a free consult →
◆ Next steps

Your path forward

Three concrete moves. Do them yourself or hand off to GovMoney.

1

Determine your project

Scope the specific R&D activity, purchase, hire, or export initiative that maps to this program's eligibility. Ambiguous project scope is the #1 rejection driver.

2

Validate your eligibility

Run your business through the Grant Finder to confirm fit against this program's requirements — and see every other program you qualify for.

3

File the application

Two paths: prepare and file it yourself using the how-to-apply steps above, or hand it off to GovMoney's team and get it done audit-ready.

Book a 15-min call with GovMoney →
◆ Get moving

Track OITC deadlines automatically.

Add this program to your watchlist and get personalized deadline alerts, plus every other Canadian program that matches your business.