Ontario Manufacturing Tax Credit:

Through the Ontario-Made Manufacturing Investment Tax Credit, eligible manufacturers can claim a 10% refundable tax credit on qualifying capital investments—up to $2 million annually. That’s a significant return that can directly offset the cost of new machinery or facility upgrades and reinvest capital back into your business.

Purchases made on or after March 23, 2023 may qualify for this incentive. This program was introduced to strengthen Ontario’s manufacturing sector, giving local businesses like yours a powerful incentive to expand, modernize, and stay competitive—without carrying the full financial burden alone.

You may be eligible for the tax credit if you've made or plan to make investments such as:

✅ New machinery and equipment used in manufacturing or processing
✅ Acquisition or upgrades of industrial facilities used for manufacturing

Application Timeline:

✅ Approval Time: Typically 2–3 months after submission

✅ Reimbursement: Issued within 2–4 weeks upon approval

✅ Open Year-Round: You can apply any time.

Because at MEGATEL CNC, we don’t just deliver machines—we deliver long-term value. Your success is our success, which is why we go beyond just selling machines—we make sure our customers have priority access to the opportunities, support, and resources they need to grow. From expert guidance to after-sales support and financial incentives like this, we’re here to help you grow smarter. We’ve been supporting manufacturers across Ontario and Quebec for over 45 years, with in-house service, local expertise, and a deep understanding of what matters to your business.

Already a MEGATEL CNC customer? Let’s get you started. Click to check your eligibility now.