The Ontario government announced this fall that the Ontario
Interactive Digital Media Tax Credit (OIDMTC) program is under
review as the program has seen a rapid increase in the number of
claims in recent years, with a 40 percent annual growth rate in
support claims processed. The potential changes in the program may
affect the type of businesses that can apply for the tax credit, as
well as reducing the rate at which the OIDMTC is earned. With a
decision expected in spring 2015, businesses that are currently
eligible for the OIDMTC should plan to file as soon as possible
prior to the implementation of these changes.
In addition to the OIDMTC program, an array of tax credits are
offered by the Canadian and Ontario government to assist companies
that drive innovation in their industries. Companies that qualify
for the OIDMTC may also be eligible for the federal and provincial
Scientific Research and Experimental Development (SR&ED)
investment tax credit program. Under
