Regional Opportunities Investment Tax Credit
Corporations in designated Ontario regions can claim a 10% refundable tax credit on commercial and industrial building costs, up to $45,000 per year. This is a tax credit you claim on your T2 return, not a grant, and it covers eligible costs incurred by December 31, 2026. Applications are open.
“It is a 10% refundable Corporate Income Tax credit for corporations that invest more than $50,000 to construct, renovate or acquire eligible commercial and industrial buildings in these regions.”
From the official program page
Before you spend any money
You must spend the money first and claim the credit later on your tax return; plan your cash flow for this gap.
At a glance
Subject to program rules, available funding, and approval. Confirm current details with the official program administrator.
Is this for you?
- You are a Canadian-controlled private corporation with a permanent establishment in Ontario.
- You are acquiring, constructing, or renovating a commercial or industrial building in a designated Ontario region.
- Your eligible expenditures for the tax year are more than $50,000 but no more than $500,000.
Probably not the right fit if
- You are a sole proprietorship, partnership, or any entity that is not a Canadian-controlled private corporation.
- Your project is residential or located outside the designated Ontario regions.
- Your eligible expenditures are $50,000 or less, or you incurred costs after December 31, 2026.
How much you'd realistically get
10% of eligible costs between $50,000 and $500,000, capped at $45,000 per year.
What may be supported
- Acquisition of eligible commercial or industrial buildings.
- Construction of new commercial or industrial structures.
- Renovation of existing commercial or industrial buildings.
What's excluded or restricted
- Residential buildings are not eligible.
How applying works
Effort: moderateYou must track eligible expenditures carefully and file Schedule 570 with your T2 return. Keep waivers on file.
- 01Incur eligible expenditures on commercial or industrial buildings in designated Ontario regions.
- 02Ensure the property becomes available for use in the same tax year.
- 03Obtain written waivers from any associated corporations if applicable.
- 04File Schedule 570 with your T2 Corporation Income Tax return.
- 05Enter the credit amount on line 472 of Schedule 5.
Who to ask: 1 800 959 5525 (English), 1 800 959 7775 (French), 1 800 665 0354 (TTY); or visit the CRA website.
Documents commonly required
- Proof of eligible expenditures (invoices, contracts, receipts).
- Written waivers from associated corporations (keep on file, do not file with return).
- T2 Corporation Income Tax return with Schedule 570.
What to know before you count on it
- The credit is refundable, meaning you get the money back even if you owe no tax, but you must wait for the CRA to process your T2 return.
- If you are associated with other corporations, you must obtain written waivers from them to claim this credit.
- The property must be available for use in the same tax year you claim the credit.
- This credit is repealed effective January 1, 2027; expenditures must be incurred by December 31, 2026.
What are your odds?
This is a formula-based credit, not a competition. If you meet the rules, you claim it on your tax return. Keep careful records of your costs, because you need them to claim the credit.
Frequently asked questions
Is this credit refundable?
Yes. You receive the credit as a refund even if you have little or no tax liability.
Do I need approval before spending?
No. You incur the costs first and claim the credit on your annual T2 tax return.
What if I am associated with another corporation?
You must get written waivers from associated corporations agreeing to waive their right to claim the credit for overlapping tax years.
When does this program end?
Expenditures must be incurred on or before December 31, 2026. The credit is repealed effective January 1, 2027.
More funding by what it pays for
What you can combine it with
Confirm with your accountant if this stacks with other provincial or federal incentives for the same project.
Worth reading before you apply
Get alerted when this changes
Programs open and close, budgets run out, rules change. We send one short email when something changes that matters for this program.
Page last updated ; status and deadline checked . Source: official program page.