Regional Opportunities Investment Tax Credit

📋 Eligible Entities - Canadian-controlled private corporations (CCPCs) - Public corporations with Canadian ownership - Partnerships (where at least 50% of partnership is Canadian-controlled) - Sole proprietors operating as businesses - Ineligible: Non-profits, charities, government entities, or non-resident-owned corporations ### 💰 Funding Details - Credit Amount: 10% refundable Corporate Income Tax credit - Maximum Benefit: Up to $50,000 per eligible project - Repayability: Non-repayable tax credit (refundable against corporate taxes owing) - Matching Requirement: None specified - Timing: Credit applied against corporate income tax in the year the property qualifies ### 🛠️ Approved Expenses - Construction costs for new commercial buildings - Renovation or modernization of existing commercial or industrial buildings - Acquisition of commercial or industrial real property - Building materials and labour directly tied to construction/renovation - Professional fees (engineering, architecture) directly related to the project Exclusions: Land acquisition costs, financing charges, furniture/movable equipment, or work outside designated regions ### ⚠️ Conditions & Milestones - Geographic Requirement: Property must be located in a designated region in Ontario (specific regions defined by program) - Property Type: Must be commercial or industrial building (not residential) - Timing: Building must be under construction, renovation, or acquired during the eligible tax year - Documentation: Must maintain proof of acquisition/construction costs and property location - Claim Process: Credit claimed on corporate tax return for the year the property qualifies - No Double-Dipping: Cannot combine with other Ontario/federal building incentives for the same project