The Ontario 2018 Budget, tabled on March 28, 2018, projects a growing deficit over the next three years and is predicted to resume a downward trend in 2022 with accumulated deficit expected to decline from 23.2% of gross domestic product… Read more »
OIDMTC Supports Development of Interactive Digital Media in Ontario
The Ontario Interactive Digital Media Tax Credit (OIDMTC) is a refundable tax credit that supports the development of interactive digital media in Ontario. The tax credit funds 40% of eligible labour, marketing, and distribution costs. The maximum contribution per project… Read more »
Ontario Interactive Digital Media Tax Credit (OIDMTC) FAQ
The OIDMTC is one of the biggest tax credit incentives in Canada – here are some frequently asked questions about the program. What is Interactive Digital Media? For the purposes of the OIDMTC, an Interactive Digital Media product has the… Read more »
OMDC Measuring OIDMTC Impact
The Ontario Media Development Corporation (OMDC) has engaged Ottawa-based economic consulting firm to spearhead a campaign to assess the impact of the Ontario Interactive Digital Media Tax Credit (OIDMTC) on Ontario’s economy and growing digital media industry. Nordicity is administering… Read more »
Tax Credits a Huge Draw for Game Studios to [Some Parts of] Canada
UK company Frontier Developments Ltd announced August 7 its plan to open a new game development studio in Halifax. The announcement rewards Nova Scotia’s “Your Studio Belongs Here” campaign, an initiative to entice game studios into relocating or expanding into… Read more »
OIDMTC: $38 Million Reasons to Invest in Digital Media
This morning, NorthBridge held a free informational webinar on the Ontario Interactive Digital Media Tax Credit (OIDMTC) titled “$38 Million Reasons to Invest in Digital Media.” The webinar, followed by an interactive Q&A session, met with great success, and we… Read more »
Video Games Growing – And Branching Out, Canada
A report from NPD Group published earlier in June indicated a continued rise for Canada’s video game industry. From September 2011 to February 2012, game acquisition grew by 46%, with a 4% increase in revenue in the half-year period. Free… Read more »
Study Finds Canada’s Interactive Digital Media Sector Suffers from Lack of Private Financing at Early Stages
According to a study by the Canadian Interactive Alliance (CIAIC), Canada’s interactive digital media sector has benefited from government assistance and public financing. However, gaps exist when it comes to the financial support of companies in early-stage development. Many Canadian startups… Read more »
2012 Budget Expands Scope of BC Interactive Digital Media Tax Credit to Include Cutscene Production
The recent 2012 BC provincial budget has expanded the scope of the BC Interactive Digital Media Tax Credit (IDMTC) to include cutscene productions. IDMTC is a 17.5% refundable digital media tax credit on salary and wages. The program is offered… Read more »