Ontario Interactive Digital Media Tax Credit (OIDMTC)

Description

The Ontario Interactive Digital Media Tax Credit (OIDMTC) is a refundable tax credit based on eligible Ontario labor expenditures and eligible marketing and distribution expenses claimed by a qualifying corporation with respect to interactive digital media products.

• The OIDMTC is a refundable tax credit available to qualifying corporations for expenditures related to the creation of eligible interactive digital media products. A 40% tax credit is available for eligible Ontario labor expenditures and eligible marketing and distribution expenses incurred by qualifying corporations that develop and market their own products (known as “non-specified products”). The credit is 35% on eligible Ontario labor expenditures for products developed under a fee-for-service arrangement (known as “specified products”). A 35% credit on eligible labor expenditures is also available to qualifying digital game corporations and specialized digital game corporations (see large digital game corporations below).