Ontario Made Manufacturing Investment Tax Credit (OMMITC)
Government-Backed Tax Relief for Manufacturers

Officially introduced by the Government of Ontario, the OMMITC offers a 10% refundable tax credit to Canadian Controlled Private Corporations (CCPCs) investing in manufacturing in Ontario, while supporting local economic growth.

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CCPC in Manufacturing? Claim Your 10% Tax Credit

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What is the Ontario Made Manufacturing Investment Tax Credit (OMMITC)?

The Ontario Manufacturing Tax Credit, officially known as the Ontario Made Manufacturing Investment Tax Credit (OMMITC) encourages Canadian Controlled Private Corporations CCPCs to conduct manufacturing in Ontario by providing a refundable credit back on eligible expenditures.

Who is Eligible ?

The OMMITC supports Canadian-Controlled Private Corporations (CCPCs) that:
● Operate a manufacturing business in Ontario
● Own or lease a permanent establishment in Ontario (e.g., office, factory, or warehouse)
● Are not exempt from Ontario corporate income tax for the taxation year

It applies to capital investments made after March 22, 2023, and offers a 10% refundable tax credit on eligible investments, up to $2 million per year on a $20 million investment cap.

What Types of Investments Qualify for the Ontario Made Manufacturing Investment Tax Credit?

Class 1: Building Costs
● Construction, renovation, or acquisition of qualifying manufacturing facilities
● The property must become available for use in the tax year and after March 22, 2023.
90% of floor space must be used for manufacturing

Class 53: Machinery and Equipment
● For the machinery and equipment that was acquired after March 22, 2023.
● The property must become available for use in the tax year in Ontario primarily to manufacture or process goods.

WHAT ARE THE RETURN RATES OF THE OMMITC?

1
An eligible corporation can claim qualifying expenditures up to a limit of $20 million in a taxation year and would be prorated for short taxation years. An associated group of corporations is also subject to the $20 million limit.
2
The tax credit for a taxation year is 10% of eligible expenditures for qualifying investments, up to a maximum of $2 million in credits (i.e., 10% of the $20 million limit).

How OMMITC Can Save CCPCs Thousands

A Manufacturing company that invests $1,000,000 in a new building and $500,000 in equipment could receive a $150,000 tax credit when it begins using the assets in 2025.

Building Costs (April 2023) $1,000,000
Equipment costs (2024) $500,000
Total Eligible Investment $1,500,000

OMMITC Refund (10%):

$150,000 Calculate Your Refund arrow_outward arrow_outward

How the OMMITC Claim Process Works with Leyton

MANDATE LAUNCH

Collect required documentation

ELIGIBILITY REVIEW

Analyze expenditures and qualifications

CLAIM PREPARATION

Draft tax forms

SUBMISSION OF CLAIM

Provide accountant with forms for submission and undertake follow ups with CRA , support in case of an audit

FAQs

All you need to know about the Ontario Made Manufacturing Investment Tax Credit (OMMITC)

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What is the Ontario Manufacturing Tax Credit? keyboard_arrow_down keyboard_arrow_up

The Ontario Made Manufacturing Investment Tax Credit (OMMITC) is a refundable corporate income tax credit designed to support manufacturing and processing investments in Ontario. It offers a 10% refundable credit available on qualifying investments made by Canadian-Controlled Private Corporations (CCPCs) with a permanent establishment in Ontario.

Who can apply? keyboard_arrow_down keyboard_arrow_up

Canadian-Controlled Private Corporations (CCPCs) with qualifying manufacturing investments in Ontario.

What is a Canadian Controlled Private Corporation (CCPC)? keyboard_arrow_down keyboard_arrow_up

A Canadian Controlled Private Corporation (CCPC) is a corporation that meets the following criteria under the Income Tax Act:

●Privately held and incorporated in Canada
●Resident in Canada
●Not controlled directly or indirectly by non-residents, public corporations, or a combination of both

CCPCs benefit from several federal and provincial tax incentives, including the Ontario Made Manufacturing Investment Tax Credit (OMMITC), SR&ED credits, and Government Grants.

What investments qualify for the Ontario Made Manufacturing Investment Tax Credit? keyboard_arrow_down keyboard_arrow_up

●Building construction, renovation, or acquisition
●New or used manufacturing equipment acquired after March 22, 2023

Is Ontario Manufacturing Tax Credit refundable? keyboard_arrow_down keyboard_arrow_up

Yes, The Ontario Made Manufacturing Investment Tax Credit (OMMITC) is a refundable corporate income tax credit designed to support manufacturing and processing investments in Ontario. It is fully refundable, even if you owe no taxes.

Can I combine the Ontario Manufacturing Tax Credit with other programs? keyboard_arrow_down keyboard_arrow_up

Yes, you can stack the Ontario Manufacturing Tax Credit with SR&ED or other federal and provincial incentives.

How much can I claim? keyboard_arrow_down keyboard_arrow_up

You can claim up to $2 million in tax credits per year, based on a $20 million annual investment cap, under the Ontario Made Manufacturing Investment Tax Credit (OMMITC).

What Documents Does a CCPC Need to Claim the Ontario Manufacturing Tax Credit? keyboard_arrow_down keyboard_arrow_up

●The latest tax returns (T2) of the company
●List of associated corporations
●Building constructing / renovation / acquisition documents
●All Invoices for property, machinery, and equipment, along with proof of payment

Do I need to apply separately to the Ontario Manufacturing Tax Credit? keyboard_arrow_down keyboard_arrow_up

The credit is claimed through your Ontario corporate income tax return, with support from your tax team or Leyton.

Why Choose Leyton? keyboard_arrow_down keyboard_arrow_up

With the help of our team of experts our goal is to make claiming your OMMITC credit simple, efficient, and stress-free.

Maximize Your Ontario Manufacturing Tax Savings Today

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