IDMTC
The interactive digital media tax credit (IDMTC) is for eligible registered corporations that develop interactive digital media products.
The credit is calculated as 17.5% of eligible salary and wages incurred in the tax year. The credit is available for eligible salary and wages incurred before September 1, 2028.
What is an interactive digital media product?
An interactive digital media product (IDM product) is designed to be used interactively by an individual and:
Consists of a combination of application files and data files, in a digital format, that are integrated and are intended to be operated together, Is designed primarily to educate, inform or entertain the user, Is capable of presenting information in at least two of the following forms: Text Sound Images Is intended to be used interactively by individuals, and Is developed in British Columbia
but does not include a prescribed product.
Some examples of IDM products are:
Video games Educational software Edutainment products Simulators
For the purpose of the IDMTC, products that are not intended to be used interactively are not IDM products. This includes:
Blogs Online magazines or newspapers Slide shows Videos or PowerPoint presentations Video streaming applications Social media products
Augmented reality and virtual reality products
IDM products can also include augmented reality (AR) and virtual reality (VR) products if they meet IDM product requirements.
Claim the credit with the Canada Revenue Agency no later than 18 months after the end of the tax year in which the eligible salaries and wages are incurred. The credit is fully refundable, but it is first applied against total income tax payable. There are no carry-back or carry-forward provisions.
Claiming the credit
You can find all information needed here: IDMTC
For each tax year, your corporation wants to claim the interactive digital media tax credit, it must complete the following steps:
Register with the Ministry of Finance and pay the application fee Claim the credit with the Canada Revenue Agency (CRA) no later than 18 months after the end of the tax year-end
Suggested Prompts
How might changes in technology influence the criteria for what qualifies as an interactive digital media product in the future?
What strategies could companies use to maximize their tax credits while ensuring compliance with IDMTC requirements?
In what ways could the IDMTC incentivize innovation and development specifically within the digital media industry in British Columbia?
Module Comments 0 Analytics Settings
Introduction & Onboarding (Pre-Program)
MODULE
Welcome to Maple
MODULE
What is Launch?
MODULE
The Launch Team
MODULE
Important: Book Your Onboarding and Expectations Calls
Maple - Resources
MODULE
What to Expect
RESOURCE
Join Launch’s Slack Community
RESOURCE
Disco
RESOURCE
LaunchHub
RESOURCE
LaunchPad Calendar
MODULE
Topical Modules
MODULE
Payment Support
RESOURCE
Main Start-up Visa Program Website
RESOURCE
Get Connected to Our Network
Maple - Timeline & Catch Up Calls
MODULE
Bespoke Timeline
MODULE
Office Hours
MODULE
Book Your Milestones Planning Session
MODULE
Immigration Module Progress Updates
MODULE
Company Catchup and Resources
Welcome to Maple
MODULE
Reminder: Book Your Onboarding Call
MODULE
Summary
The Startup Visa Immigration Process
MODULE
Immigration - Workshop & Office Hour
MODULE
Immigration Webinar Slides
MODULE
Hire an Immigration Lawyer
Incorporation Process
MODULE
Incorporation - Workshop & Office Hour
MODULE
Incorporation Webinar Slides
MODULE
Hire an Incorporation Lawyer
Maple - Deliverables
MODULE
Immigration Module Progress Update
MODULE
Maple Deliverables
MODULE
Important: Monthly Company Update
Deliverables: Company & Incorporation
DELIVERABLE
Company Deliverable: Company Description
DELIVERABLE
Immigration Deliverable: Choice of Immigration Path
DELIVERABLE
Immigration Medical Exam
DELIVERABLE
Immigration Language Test
DELIVERABLE
Company Deliverable: Lean Canvas
DELIVERABLE
Incorporation Deliverable: Incorporation Certificate
DELIVERABLE
Company Deliverable: Member Chart
DELIVERABLE
Company Deliverable: Capitalization Table
DELIVERABLE
Company Deliverable: Pitch Deck
DELIVERABLE
Immigration Deliverable: Proof of Funds
MODULE
Company Deliverable: Due Diligence
DELIVERABLE
Immigration Deliverable: IMM Form 5475
MODULE
Thanks for Submitting Your Deliverables!
Deliverables Reminder: Monthly Company Updates
MODULE
Recurring Deliverable: Monthly Company Update
Deliverables: Immigration - Letter of Support, Permanent Residency and Work Permit
DELIVERABLE
Final Documents Submission
MODULE
Company Immigration Catchup: Permanent Residency Ready
MODULE
Letter of Support Request
DELIVERABLE
Permanent Residency and Work Permit Submission Dates
Resources
MODULE
Catchup, modules and programming
Module: Lifestyle Module
MODULE
Lifestyle Module
MODULE
Workshop: Housing and Real Estate
MODULE
Housing: Choosing Where to Live in Vancouver
MODULE
Housing: Choosing Where to Live Around Vancouver
MODULE
Housing: Accommodation and Rental
MODULE
Bank Account: Opening a Bank Account in Canada
MODULE
Education: Childcare
MODULE
Education: Schooling System in Canada
MODULE
Education: Types of Education Available
MODULE
Transportation: Drivers Licence
MODULE
Transportation: Ride-Sharing
MODULE
Transportation: Public Transportation
MODULE
Government Support: Spouses
MODULE
Government Support: Dependents and Children
MODULE
Health Care: The Health Care System in British Columbia
MODULE
Health Care: BC Services Card
MODULE
Health Care: Medical Services Plan (MSP)
MODULE
Health Care: Pharmacare
MODULE
Employment for Spouses and Dependents: Workshop with Pat Chaisang of Isempower
MODULE
Employment for Spouses and Dependents: Resume and Interviews
MODULE
Employment for Spouses and Dependents: Jobs Portal
MODULE
Employment for Spouses and Dependents: CO-OP
MODULE
Employment for Spouses and Dependents: Transferring Credentials to Canadian Employment
MODULE
Employment for Spouses and Dependents: Registering for SIN Number
MODULE
Lifestyle: Community
MODULE
Vancouver Festivals
MODULE
Lifestyle: Telecommunication and Internet
MODULE
Lifestyle: Groceries and General Store
Module: Non-Dilutive Sources of Funding in Canada
MODULE
Introduction: What is Non Dilutive Funding?
MODULE
Introduction: Resources
MODULE
Loans Available in Canada: Resources
MODULE
Loans Available in Canada: RBCx
MODULE
Loans Available in Canada: TIMIA Capital
MODULE
Loans Available in Canada: Clear.Co
MODULE
Loans Available in Canada: Canada Small Business Financing Program (CSBFP)
MODULE
Loans Available in Canada: WeBC - Loans for Young Women Entrepreneurs in British Columbia
MODULE
Loans Available in Canada: Other Loans (list)
MODULE
BDC: Introduction
MODULE
BDC: Technology Financing
MODULE
BDC: Small Business Loan
MODULE
BDC: Newcomer Entrepreneur
MODULE
BDC: Other Services
MODULE
Tax Credits: Scientific Research and Experimental Development (SR&ED)
MODULE
Tax Credits: Interactive Digital Media Tax Credit (IDMTC)
MODULE
Tax Credits: Other Tax Credits
MODULE
Talent: Innovate BC
MODULE
Talent: MITACs
MODULE
Talent: Student Work Placement Program
MODULE
Grants: NRC IRAP
MODULE
Grants: ISED
MODULE
Grants: Canada Digital Adoption Program
MODULE
Grants: CanExport SMEs
MODULE
Grants: CanExport Innovation
MODULE
Other Sources Available in Canada: Digital Technology Supercluster
MODULE
Other Sources Available in Canada: BC Government Procurement Concierge Program
Module: Fundraising in North America
Module: Hiring in Canada
Module: Banking and Accounting in Canada
Module: Financial Literacy
Additional Resources
Maple - Program Wrap Up
Module: Lifestyle Module for Ontario
Lifestyle Module for Alberta (Calgary)