OIDMTC TAX CREDIT SUMMARY:

• OIDMTC (Ontario Interactive Digital Media Tax Credit) – can be claimed together with SR&ED tax credits
• OIDMTC Canadian media tax credit focuses on the the development of multimedia products with the main purpose to educate, inform, or entertain.
• Interactive Digital Media Tax Credit yields 40% of eligible labour and marketing and distribution costs 
• OIDMTC includes marketing and distribution expenses capped at $100,000 per qualifying product.
• Product based without limits on the claim amounts

Ontario Interactive Digital Media Tax Credit “Interactive digital media product” is defined by the regulation as a combination of one or more application files and one or more data files, all in a digital format, that are integrated and are intended to be operated together Ok, tell me more...

The interactive digital media incentive program is calculated up to 40% of eligible labour, marketing and distribution expenditures for a qualifying corporation with respect to authorized interactive digital media products. The program was designed to reduce the cost for developing interactive digital media products. There is no limit on the amount of entitled labour expenditures which may qualify and there are no per project or annual corporate limits on the amount of the interactive digital media tax incentive which may be declared.To be eligible for the incentive program, the qualifying corporation must have developed an interactive digital media product with the main intent to educate, inform, or entertain, and that fulfills its primary purpose by displaying info in at least two of:

Images

Text

Sound

 

 OIDTMC Eligibility

What is OIDMTC?

                                     OIDMTC Guidelines

OIDMTC Eligible Digital Games

How to Qualify a Product for OIDMTC?

CTAP – Your Virtual SR&ED Team