The British Columbia Interactive Digital Media Tax Credit (BC IDMTC) is a refundable tax credit available to corporations operating in British Columbia. To qualify for the BC IDMTC, a corporation must produce interactive digital media products that educate, inform or entertain.
Qualifying companies are eligible to receive a refundable tax credit of 17.5% on eligible salaries and wages incurred in the development of an interactive digital media product. The credit is claimed on an annual basis and covers many costs not eligible under SR&ED. The BC IDMTC is available to qualifying companies from August 31, 2010 to September 1, 2023.
At MCN, we ensure that our clients maximize the overall combined return from both BC IDMTC and SR&ED programs.
For more information about how MCN can help your organization to take advantage of the BC IDMTC, please email us or contact us.