The Ontario Interactive Digital Media Tax Credit (OIDMTC) is a refundable tax credit that supports the development of interactive digital media in Ontario. Eligible projects must be interactive digital media that includes content designed to educate, inform, or entertain that incorporates at least two of the following: text, images, or sound.
The tax credit funds up to 40% of eligible labour, marketing, and distribution costs for products designed, produced, and sold by a gaming or digital media company. The maximum contribution per project is $100,000 for marketing and distribution costs, which can be incurred 24 months before product launch and up to 12 months after, but the labour contribution is unlimited. In order to be eligible for the program, a company must be operating in Ontario and not have revenue greater than $20 million, and have developed more than 90% of the product(s) in question.
Companies that produce interactive digital media projects for clients on contract are also eligible for funding, though their eligible labour costs are capped at 35% and no funding is available for marketing and distribution.
NorthBridge Consultants has experience with the OIDMTC application process and will provide the necessary guidance for your claim. Our team of business analysts and technical writers can assist with the completion of application information, the preparation of financial information, tracking and documentation of eligible expenditures, and the required reporting after application submission.