Digital Media Tax Credit

Is Your Business Leaving Money on the Tablet?

Mitch Silverstein | Posted 02.18.2013 | Canada Business
Mitch Silverstein

I'm speaking, of course, of the Ontario Interactive Digital Media Tax Credit, or OIDMTC for short(er). This is a largely untapped provincial credit for which awareness and comprehension is low, but which can be a game-changer for SMEs; one Ontario online-gaming company recently received a cash refund of $1.4 million, which they were able to reinvest in the company to purchase new equipment, hire new staff and expand services.