Turn Your Digital Media Work into Strategic Funding Opportunities
The Ontario Interactive Digital Media Tax Credit (OIDMTC) is designed to give your digital media projects a financial edge. By targeting qualifying labor costs, this refundable credit can help you stretch your budget further, making it easier to bring ambitious video games, educational apps, interactive websites, and other innovative projects to market. Even if your company has no tax payable, Ayming’s experts can guide you to access the funding you deserve.
To take advantage of the OIDMTC, your company needs to be Canadian-controlled, maintain a permanent Ontario presence, and meet specific content criteria. Beyond cost savings, this incentive provides the flexibility to invest in your creative vision, expand your team, and accelerate innovation. With Ayming’s support, you can leverage the OIDMTC to fuel your next breakthrough in Ontario’s digital media landscape.
Strategic risk review
Seamless end-to-end support
Credit Optimization Without Compromise
Flexible Fee Structures
Why Choose Ayming
Navigating the Ontario Interactive Digital Media Tax Credit can be complex but you don’t have to do it alone. Ayming has over 35 years of experience helping Canadian companies access government funding and tax credits. Our team of experts knows the ins and outs of the OIDMTC, ensuring you maximize your rebate while staying fully compliant.
With Ayming, you get more than just guidance, you get a strategic partner who helps you turn your digital media projects into funding opportunities. From identifying eligible costs to preparing and submitting your claim, we handle the details so you can focus on what you do best, creating innovative digital experiences.
Frequently asked questions
The Ontario government offers the Interactive Digital Media Tax Credit (OIDMTC) as a financial incentive to foster the creation of innovative digital content and products within the province. This refundable tax credit allows eligible companies to claim up to 40% of qualifying labor expenditures incurred during the development of interactive digital media projects.
Ayming helps companies navigate this valuable program, ensuring you maximize your eligible savings and accelerate innovation within Ontario’s dynamic digital media industry. With our expertise, the OIDMTC becomes more than a tax credit, it’s a strategic tool to support the growth and success of your interactive digital media projects.
The tax credit covers a wide range of digital media projects, from video games and educational apps to interactive websites and beyond. With Ayming by your side, you’ll know exactly if your company qualifies. We guide you through all requirements, including being Canadian-controlled, having a permanent Ontario presence, and developing eligible digital media content. We make the process simple so you can focus on creating your next big project.
A qualifying corporation is a Canadian corporation (Canadian or foreign-owned) that develops an eligible product at a permanent establishment in Ontario and files an Ontario tax return. Ayming can help determine if your corporation meets these criteria and guide you through the eligibility process.
Corporations that are prescribed labour-sponsored venture capital corporations or those that are exempt from tax, or controlled by a corporation exempt from tax, are not eligible for the OIDMTC. But don’t worry, Ayming can help you explore other government funding programs that your company may qualify for, so you don’t miss out on valuable opportunities.
The OIDMTC is a refundable tax credit that helps you fund the creation of interactive digital media products. With Ayming’s expertise, you can claim up to 40% back on eligible Ontario labour costs and marketing or distribution expenses for non-specified products that you develop and market yourself. For specified products developed under a fee-for-service arrangement, a 35% credit applies. Digital game corporations can also qualify.
There are no limits on eligible labour expenditures and no per-project or annual caps on your claim. Marketing and distribution expenses for non-specified products are capped at $100,000 per product. Ayming ensures you maximize every dollar and get the most out of this powerful incentive.
Eligible expenses include salaries or wages paid to employees and contractors who worked directly on your project. Ayming’s experts guide you through the rules for each province, including the specific requirements for contractors and whether they need to be arm’s length. With our help, you can confidently claim all eligible costs and maximize the value of your multimedia tax credit.
Our Multimedia Tax Credit experts
Specialized in Quebec’s digital tax incentives, our team helps you maximize your claim and stay compliant with evolving requirements.
