The Ontario Made Manufacturing Investment Tax Credit (OMMITC) provides a refundable corporate income tax credit to support local manufacturing and processing.
The Ontario Made Manufacturing Investment Tax Credit (OMMITC) provides a refundable corporate income tax credit to support local manufacturing and processing. It helps Canadian-controlled private corporations (CCPCs) lower costs by providing a credit of up to 15% on qualifying capital investments in buildings, machinery, and equipment. The credit is calculated on an annual expenditure limit of $20 million, offering up to $3 million per year to help businesses innovate and become more competitive.
Other programs in the same space.
1871
Natural Resources Canada (NRCan)
500 Global
500 Global
