Credits, Benefits & Incentives
Ontario's tax system provides a variety of credits, benefits and incentives to encourage economic growth and job creation, and to assist Ontario residents with low to moderate incomes.
Tax credits and incentives provide tax relief by reducing or eliminating the total tax payable for corporations, individuals and unincorporated business. These include support for research and development, manufacturing and processing, mining and exploration, apprenticeship training, and the entertainment sector and creative industries.
Ontario Tax Benefits, Credits, Incentives and Deductions for Individuals
Benefits
- Ontario Child Benefit
- Ontario Child Care Supplement for Working Families (OCCS)
- Ontario Guaranteed Annual Income System (GAINS)
Tax Credits
Tax credits for individuals are funded by the province and administered for Ontario by the Canada Revenue Agency (CRA) through the federal income tax system.
Ontario refundable tax credits can be received even if you pay no income tax. If your tax credits total more than your taxes owing, the CRA will issue a refund based on the difference. Ontario residents may be eligible to claim some of the following tax credits by filing form ON 479 - Ontario Credits included with the federal income tax return.
- Apprenticeship Training Tax Credit
- Co-operative Education Tax Credit
- Ontario Focused Flow-Through Share Tax Credit
- Political Contribution Tax Credit
- Property Tax Credit
- Sales Tax Credit
Tax Incentives and Deductions
The following Ontario non-refundable tax credits reduce the amount of Ontario tax owing. Ontario residents may be eligible to claim some of the following tax credits by filing form ON 428 - Ontario Tax included with the federal income tax return.
- Community Small Business Investment Fund Program
- Dividend Tax Credit
- Employee Ownership Program
- Labour Sponsored Investment Fund Program
- Ontario Tax Reduction
Other Income Tax Deductions and Credits
Ontario Corporation Tax Credits and Incentive
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.
- Apprenticeship Training Tax Credit
- Co-operative Education Tax Credit
- Educational Technology Tax Incentive
- Graduate Transitions Tax Credit
Scientific Research and Experimental Development Tax Credits and Incentives
- Ontario Business Research Institute Tax Credit
- Ontario Innovation Tax Credit
- Ontario Research and Development Expenditures Deduction
Film Television and 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.
- Ontario Book Publishing Tax Credit
- Ontario Computer Animation and Special Effects Tax Credit
- Ontario Film and Television Tax Credit
- Ontario Interactive Digital Media Tax Credit
- Ontario Production Services Tax Credit
- Ontario Sound Recording Tax Credit
Other Tax Incentives
A variety of tax incentives are available to corporations.
- Ontario New Technology Tax Incentive
- Ontario Current Cost Adjustment
- Ontario School Bus Safety Tax Incentive
- Workplace Accessibility Tax Incentive
- Workplace Child Care Tax Incentive
