The Ontario Interactive Digital Media Tax Credit (OIDMTC) may be claimed by "qualifying corporations", with an establishment in Ontario.
To obtain the Credit, the products must be completed and expenses need to be paid for. Qualifying corporations must submit an application to OMDC
OIDMTC qualifying corporations must develop an interactive product that serves to educate, inform or entertain..
OIDMTC is equal to 40% of labour expenses directly attributable to the development of the eligible product design,
The founders of MediaFunds know first-hand the challenges faced by founders and entrepreneurs in funding the growth of their businesses. MediaFunds was established to provide assistance in processing OIDMTC (Ontario Interactive Digital Media Tax Credit) claims for interactive product development. Our OIDMTC processing service helps companies to focus on their core business operations while we take care of processing your media tax credits.
Unlike other accounting firms, MediaFunds backs up its tax credit preparation services with an in-house team of experienced Media Content Specialists that possess technical knowledge of the underlying software and business niche. Our team of professional consultants provide a hands on approach and walk you through the entire process, from the initial phase until you receive the cheque in your hand. We save you time to focus on your business, while we maximize your OIDMTC…Simple.
The economy is slowly emerging from the doldrums, and investors are once again looking to drop money in digital content development across Canada. […]
The Ontario Interactive Digital Media Tax Credit (OIDMTC) is a refundable tax credit. It is available to corporations that develop interactive digital media products in Ontario. The Canada Revenue Agency (CRA) administers the program on behalf of Ontario through the federal income tax system. […]
Ontario Interactive Digital Media Tax Credit - This OIDMTC FAQ (Frequently Asked Questions) is a general guide for Media tax credit eligibility and OIDMTC program requirements.