Ontario Tax Exemption for Commercialization (OTEC)

Description: A 10-year tax exemption for new corporations that commercialize intellectual property developed by qualifying Canadian universities, colleges or research institutes.

Funding Details: Tax exemption from Ontario's corporate income tax and corporate minimum tax for the first ten taxation years of the corporation applicant; refund of tax paid.

Eligible Expenditures: Corporate income tax and corporate minimum tax.

Eligibility Requirements:

  • Incorporated in Canada between 24/03/2008 - 25/03/2012 and derived substantially all revenue from advanced health technology, bioeconomy, telecommunications, computer, or digital technologies production sectors
  • Sole activity was the commercialization and sale of property that incorporates eligible intellectual property as an essential element, or the licensing of computer programs that are eligible intellectual property

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How NorthBridge Will Assist With the Ontario Tax Exemption for Commercialization and Other Funding Programs

NorthBridge has over 20 years of experience assisting companies with government funding programs. We will:

  • Listen and discuss past, present and future project activities.
  • Research and identify the appropriate and optimal government grant, tax incentive, loans, as well as private financing opportunities.
  • Take a hands-on approach to the application process and address relevant program objectives and criteria.
  • Become an in-house project manager for all types of government funding.
  • Interview the key employees and ask specific questions in order to make the right funding decisions.
  • Assist in writing the application and preparing all supporting documentation.
  • Assist with government reporting requirements.

To arrange for a free, no obligation consultation with one of our government funding experts contact us at:

More information
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