The OIDMTC (Ontario Interactive Digital Media Tax Credit) is an exciting program for companies that qualify. The program is retroactive. We can amend your tax returns going back up to 5 years to claim eligible projects and expenditures.
In order to qualify, your product must:
• be interactive
• incorporate two of the following: text, sound, images
• be intended to educate, inform or entertain
This is a great program that is quite generous, but a little bit tricky to figure out exactly what qualifies. The processing time is quite slow, usually takes minimum of a year. A careful expert review of the administrative criteria is highly advisable.
Don’t leave your tax credits to chance. Hire an expert that will get it done right.
Bond Consulting Group has an in-house OIDMTC expert on staff. Call us for a consultation today.