Welcome to the Centre for Research and Innovation (CRI)
Tax time is coming up: get credit for your R&D
Did you know that companies that do research and development with Ontario colleges may be eligible to claim an Ontario tax credit(s)? Colleges of applied arts and technology – like Fanshawe! – are recognized as research institutions by the Ontario government. Now, we’re not tax experts, so we can’t promise your company will qualify. But it’s worth checking it out. Information: http://www.cra-arc.gc.ca/txcrdt/sred-rsde/prv-crdts-eng.html#_Toc280687463 (CRA website) or http://www.fin.gov.on.ca/en/credit/business.html (Ontario Ministry of Finance website). If your business has hired our co-op students, there’s a credit for that, too. The Co-operative Education Tax Credit (CETC) is a refundable tax credit for employers who hire students enrolled in a co-operative education program at an Ontario college. More at http://www.fin.gov.on.ca/en/credit/cetc/.