Ontario Made Manufacturing Tax Credit

The government is taking further action to bring more manufacturing jobs back to Ontario. Today Premier Ford and Minister Bethlenfalvy announced our government’s plans to introduce a new Ontario Made Manufacturing Investment Tax Credit to help local manufacturers grow, innovate, become more competitive and create jobs.

As part of the upcoming 2023 Budget, the government is proposing legislation that would, if passed, create a new 10 per cent refundable corporate income tax credit of up to $2 million a year for Canadian-controlled private corporations on qualifying investments in buildings, machinery and equipment for use in manufacturing or processing in the province.

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