Ontario Interactive Digital Media Tax Credit (OIDMTC) FAQ

SRED Unlimited provides assistance in securing both SR&ED Tax Credit and Refund Claims and Ontario Interactive Digital Media Tax Credit (OIDMTC). To learn more please feel free to contact us or download SRED Unlimited’s: OIDMTC presentation in pdf or click the following link to view our Ontario Interactive Digital Media Tax Credit video.

What is Ontario Interactive Digital Media Tax Credit (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 Ontario Interactive Digital Media Tax Credit (OIDMTC)?

Yes, if your company is:

  • Canadian or foreign-owned corporation
  • Operates in Ontario
  • Files Ontario tax return

How is Ontario Interactive Digital Media Tax Credit (OIDMTC) calculated?

The Ontario Interactive Digital Media Tax Credit (OIDMTC) is calculated as:

  • 25% of eligible expenditures
  • 30% of eligible expenditures for qualifying small corporations

What types of products are eligible for the Digital Media tax credit?

To be considered eligible, your product must:

  • as its primary purpose entertain the user or educate users under 12 years of age;

  • achieve its primary purpose by presenting information in at least two of the following formats: text, sound and image;

  • have/have had all of its components developed in Ontario.

What expenditures are eligible?

Labour (employees and subcontractors), marketing and distribution

How can we help you maximize your Ontario Interactive Digital Media Tax Credit (OIDMTC)?

SRED Unlimited has the experience to help your company determine if you qualify for OIDMTC and then we can assist you in applying for it.

Maximize your DIGITAL MEDIA tax credit claim