Credits, Benefits and Incentives for Businesses

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Credits, Benefits and Incentives for Businesses

A number of tax credits 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 full list of the credits available to businesses and learn more about how to receive them.

Employers

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 education program.

Ontario’s Cultural Media Tax Credits

The Ontario Government invests more than $120 million per year in targeted media tax credits, which have played a critical role in advancing Ontario as one of the largest entertainment and creative centres in North America.

https://www.fin.gov.on.ca/en/credit/mtc/faq.html

Municipalities

Tax Credits and Incentives for Innovation and Scientific Research

 

Source: http://www.fin.gov.on.ca/en/credit/business.html

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Author: AllOntario Team

AllOntario.ca is a Problem-Solving Guide for Ontario residents and a marketplace for Ontario businesses. It’s all about living and doing business in Ontario. All in one site.