Small- and Medium-Sized Non-Manufacturers
Small- and Medium-Sized Non-Manufacturers 2009
| Small and medium-sized non-manufacturers 2009 |
|---|
| Gross expenditure |
$100.00 |
$100.00 |
| Ontario – 10% OITC3 |
(10.00) |
(10.00) |
| Ontario – 20% OBRI tax credit4 |
|
(20.00) |
| Ontario – 4.5% ORDTC5 |
(4.05) |
(3.15) |
| Federal investment tax credit – 20% |
(17.19) |
(13.37) |
|
|
$68.76 x 33.0%
|
(22.69) |
|
|
$53.48 x 33.0%
|
|
(17.65) |
| After-tax cost of $100 expenditures |
$46.07 |
$35.83 |
|
NOTES:
1 Medium-sized companies have taxable income of less than $400,000 and taxable capital of less than $50 million.
2 Eligible Ontario research institutes include universities, colleges of applied arts and technology, research hospitals and other entities in Ontario.
3 The 10% refundable Ontario Innovation Tax Credit.
4 The 20% refundable Ontario Business-Research Institute Tax Credit.
5 The 4.5% Ontario Research and Development Tax Credit
6 Tax rates for non-manufacturers: Federal 19.0% plus Ontario 14.0% = Total 33.0%
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