Ontario Recaptured Input Tax Credits Phased Out

A reminder that Ontario RITC's (Recaptured Input Tax Credits), as of July 1, 2018, have been phased out entirely.  If you've automated the calculation, you'll need to adjust your system (ERP/Tax Calculation engine) appropriately.  The June 2018 filing will also be a good time to clean up any outstanding items.

Phase Out Period

Ontario RITC Recapture Rate

July 1, 2010 – June 30, 2015

100%

July 1, 2015 – June 30, 2016

75%

July 1, 2016 – June 30, 2017

50%

July 1, 2017 – June 30, 2018

25%

July 1, 2018 –

0%