Refundable tax credit for eligible companies that develop and produce digital media projects in Manitoba.
Refundable corporate income tax credit equal to 40% of Manitoba labour costs on eligible projects. A maximum of $1,250,000 of eligible labour costs may be claimed for an eligible project, for a maximum tax credit of $500,000 (40% of $1,250,000).
Only eligible labour costs that are directly attributable to product development, and were incurred and paid during the “project period” of an eligible project are eligible for the MIDMTC.
A qualifying company must be a taxable Canadian corporation with a permanent establishment in Manitoba. At least 25% of the salaries and wages paid by the corporation during the project period must be paid to employees who are Manitoba residents in the project period. The product must be an interactive digital media product that consists of a combination of digital software and data files which is designed to present information through sound, images and/or text and provides users with an interactive experience and is designed primarily to educate, inform or entertain the user.