Separate qualifying work from general business costs and keep supporting evidence.
15% basic ITC; qualifying corporations can earn 35% within their expenditure limit. Eligibility, refundability and assistance adjustments must be assessed for the claim year.
20% refundable credit on qualified expenditures under an eligible contract with an eligible research institute. Ordinary R&D contracting does not automatically qualify.
8% refundable credit for qualifying Ontario SR&ED corporations, subject to eligible expenditure and expenditure-limit rules.
3.5% non-refundable credit on eligible Ontario SR&ED expenditures; unused credit can generally carry back three years or forward twenty.
