Maximize your OIDMTC refunds
What is OIDMTC?
The Ontario Interactive Digital Media Tax Credit (OIDMTC) is a refundable tax credit that supports interactive media development in Ontario. The credit has been designed to encourage development in the area of digital media and can result in significant cash refunds.
Is my company eligible to receive OIDMTC?
Yes, if your company is:
- Canadian or foreign-owned corporation
- Operates in Ontario
- Files Ontario tax return
How is OIDMTC calculated?
The OIDMTC is calculated as:
- 25% of eligible expenditures
- 30% of eligible expenditures for qualifying small corporations
What types of products are eligible for the tax credit?
An eligible product must be:
- an interactive digital media product whose primary purpose is to educate, inform, or entertain
- achieves its primary purpose by presenting information in at least two of the following formats: text, sound and images
- all of the product must have been developed in Ontario
What expenditures are eligible?
Labour (employees and subcontractors), marketing and distribution
How can we help you maximize your OIDMTC?
SRED Unlimited can help your company determine if you qualify for OIDMTC and then we can assist you in applying for it.
Click here to view our OIDMTC presentation.
Please feel free to contact us with any additional questions.