The Ontario Tax Credit for Manufacturing and Processing (OMMITC) is a refundable corporate income tax credit available to Canadian-controlled private corporations (CCPCs) that make
The Ontario Tax Credit for Manufacturing and Processing (OMMITC) is a refundable corporate income tax credit available to Canadian-controlled private corporations (CCPCs) that make eligible capital investments in buildings, machinery, and equipment used for manufacturing or processing in Ontario. The credit applies to qualifying investments of up to $20 million per tax year, and was temporarily enhanced from 10% to 15% for eligible expenditures made between May 15, 2025 and January 1, 2030, increasing the maximum annual credit to $3 million. BDO Canada A non-refundable expanded version of the credit at 15% was also introduced for corporations that are not CCPCs, extending eligibility to foreign-owned corporations and publicly traded companies with a permanent establishment in Ontario. Ontario The credit is administered by the CRA and claimed on the T2 Corporation Income Tax return.
Other programs in the same space.
Natural Resources Canada (NRCan)
SOCCA
Ulnooweg
Ulnooweg
