Ontario Budget 2016 Reduces Research and Development Tax Credits
The recently released Ontario 2016 Budget has made significant reductions to the Ontario Innovation Tax Credit (OITC), and the Ontario Research and Development Tax Credit (ORDTC). These changes will affect eligible projects costs incurred in taxation years ending on or after June 1, 2016. OITC The OITC rate was reduced from 10% to 8%, with […]