Digital Media is YOUR area of expertise...
...Saving you TAX is ours!

Chances are, you haven't heard about the Ontario Interactive Digital Media Tax Credit (OIDMTC)...but it might just reap you tens of thousands of dollars in cash!  Designed to encourage development in the area of digital media, the OIDMTC can result in significant tax savings. Here are some of the facts to help you determine if you are eligible:

• The OIDMTC is a refundable tax credit based on eligible Ontario labour and marketing/distribution expenditures claimed by qualifying corporations with regard to their work on interactive digital media products.
• The credit is fully refundable in cash to the extent that it exceeds tax payable.
• To be eligible for the OIDMTC, a product must be an interactive digital media product whose primary purpose is to educate, inform or entertain, and that achieves its primary purpose by presenting information in at least two of:  (i)text, (ii)sound and (iii)images.
• All or substantially all of the product must have been developed in Ontario.
• Some examples of acceptable products include: DVDs, CD-ROMs, kiosks, interactive websites and digital media games.

SBLR can help your company determine if you will qualify for the tax incentive program and we can assist you in making the actual claim.  We work closely with each client to make sure the claim is made correctly and the tax credits are maximized.  The process works like this:

• An initial kick-off meeting to detail the requirements of the claim and identify eligible activities and costs
• We assist you in gathering the necessary documentation required for the application
• A sign-off review meeting prior to filing the claim.  Once you have approved the application, we file the claim on your behalf
• The required documentation is then submitted with the active or amended corporate tax return to the Ministry of Revenue
• Once the credits have been approved and processed by the Ministry, we invoice for our services on a success basis.

For a complimentary, no-obligation consultation, please contact Mitch Silverstein, our OIDMTC Specialist, as listed below.