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Canada (Ontario): Adoption of the 10% refundable Manufacturing Investment Tax Credit

Description

On 18 May 2023, the Governor General of Ontario granted royal assent to Bill 85 approving the 10% Ontario Investment Tax Credit for Manufacturers. Firms can obtain the tax credit for such investments ...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

18 May 2023

Revocation date

No revocation date

Implementation level

Subnational

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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