Ontario PC Government Investing $1.3 Billion to Protect Jobs and Grow Ontario’s Manufacturing Sector

As part of our plan to protect Ontario and grow our economy, the Ontario PC government is enhancing and expanding the Ontario Made Manufacturing Investment Tax Credit. This will deliver an additional $1.3 billion over the next three years to help manufacturers lower costs, invest in new buildings, machinery and equipment, and create more good-paying jobs right here at home.

Ontario’s world-class manufacturing workers are already facing the consequences of growing global uncertainty and U.S. tariffs under President Trump. The Ontario PC government is stepping up with a bold, made-in-Ontario plan that will protect jobs, attract new investment, and open up new opportunities across the province.

As part of the upcoming 2025 Budget, this proposed change will increase the Ontario Made Manufacturing Investment Tax Credit from 10% to 15% for Canadian-controlled private corporations. The credit will also be expanded to include non-Canadian-controlled private corporations that choose to invest and create jobs in Ontario. With these changes, qualifying businesses could receive up to $3 million annually to reinvest in equipment, facilities, and workers.

First introduced in the 2023 Budget, the Ontario Made Manufacturing Investment Tax Credit is part of our government’s ongoing commitment to improve Ontario’s competitiveness by lowering costs, driving innovation, and making it easier for businesses to grow and thrive.