Government’s COVID-19 Economic Response Plan   Recently updated !

As a result of COVID-19, the Federal Government enacted a series of short-term measures to assist businesses with the effects of this pandemic. Here are some clarifications to these measures as well as the information on how to apply for them. Whether you are an existing client or have general questions about these measures, please contact us. Grants This is the single most popular topic we have received questions about over the last 10 days. For the majority of companies, this stems from the need for short term financing and mitigation of cancelled or delayed contracts (particularly for B2B companies). Sadly, the federal government has been quiet on this front.  The government has not requested any mandate changes from organizations, other than to expedite COVID-19 related R&D. We suspect this may change in the near future. Most active grants available at the moment require co-investment from accredited investors, taking on […]

2015 Ontario Budget: OIDMTC Changes

On April 23, 2015 the Ontario government tabled a 2015 budget that proposes significant changes to the programs aimed at supporting film, television and digital media. Ontario Interactive Digital Media Tax Credit (OIDMTC) Eligibility criteria for the program will be restricted to supporting entertainment products as well as educational products for children under the age of 12. The list of specifically excluded products will be extended to include products centered on news and public affairs. Exclusions to promotional products will be further strengthened. These changes are effective immediately and will apply to expenditures incurred after April 23, 2015. Products which qualified for the credit under the old rules but are no longer eligible will qualify for relief with respect to expenditures incurred prior to April 24th, 2015. The “all of substantially all” rule requiring that at least 90% of the product be developed in Ontario by the company claiming the […]

OIDMTC and Eligibility

At first glance, the Ontario Interactive Digital Media Tax Credit, or OIDMTC, has extremely broad applicability. As per the eligibility criteria, and product that either educates, entertains or informs, and has some combination of images, text or sound may be eligible under the program. However, there are a number of caveats with respect to eligible products that must be considered before undertaking an OIDMTC claim. 1. Corporate Education – Products that intended to help educate people on how to perform their work tasks are generally not eligible. What this means is that developing a website that can educate a company’s employees on how to perform particular tasks, what forms to complete etc., even though they may be interactive and inform, are generally ineligible under the OIDMTC. That being said, a product made available to end-users (e.g. the public) that can educate them about a particular profession (e.g. Learning how to […]