Large Non-Manufacturers
Large Non-Manufacturers 2009
| Large non-manufacturers 2009 |
|---|
| Gross expenditure |
$100.00 |
$100.00 |
| Ontario – 20% OBRI tax credit2 |
|
(20.00) |
Ontario – 4.5% ORDTC3
| (4.50) |
(3.60) |
|
| Federal investment tax credit – 20% |
(19.10) |
(15.28) |
|
|
$68.76 x 33.0%
|
(25.21) |
|
|
$53.48 x 33.0%
|
|
(20.17) |
| After-tax cost of $100 expenditures |
$51.19 |
$40.95 |
|
NOTES:
1 Eligible Ontario research institutes include universities, colleges of applied arts and technology, research hospitals and other entities in Ontario.
2 The 20% refundable Ontario Business-Research Institute Tax Credit.
3 The 4.5% Ontario Research and Development Tax Credit
4 Tax rates for non-manufacturers: Federal 19.0% plus Ontario 14.0% = Total 33.0%
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