Tax Year

LSIF Tax Credit

 Provincial ROIF Tax Credit
2008 15% 15%

   20%         

2009 15% 15%    20%*       
2010 15% 10%    TBD*        
2011 15% 5%    TBD*        

 * The 5% incremental tax credit offered for Research Oriented Investment Funds ("ROIFs") will be phased out on the same time table as the LSIF tax credit, but the details will have to be determined.

The Ontario Finance Ministry will consult further with the industry on transition rules governing pacing, eligibility and other reporting requirements.

Note: The 2008 Ontario budget has been passed with the $7,500 annual limit increase, which is retroactively available for FY2007 tax filings.

To view one of our client-friendly one-pagers, kindly select one of the following PDFs: 

           

     To view  the ROIF Ontario Tax Savings Chart, kindly select the PDF below:

     

     * Sample tax savings for residents of Ontario