A 10-year tax exemption for new corporations that commercialize intellectual property developed by qualifying Canadian universities, colleges or research institutes.
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.
Corporate income tax and corporate minimum tax.
- 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