Interactive Digital Media Tax Credits
develop more awesome games and interactive digital media
Get the most out of the Interactive Digital Media tax credit program. Most gaming and digital media companies have combination of SR&ED-eligible expenditures and Interactive Digital Media Tax Credit expenditures. It often take years to receive your tax refund. At Venbridge we provide the financing that is critical fund your development. The cost of debt financing is far less than other sources of capital for almost all successful gaming and digital media companies.
non-dilutive financing
for digital media companies
how the digital media tax credits program works
- If you have a track record of success, Venbridge will finance your development from the start
- Once you have received a certificate of eligibility, venbridge will finance a significant portion of the approved amount
- Typical term loans are from 12 to 24 months
- We will work with your existing consultant, your internal team, and help you file a quality claim
criteria
- Minimum $150,000 Digital Media claim
- For project financing, a track record of successful filing is required (not required if certificate received)
- If you don’t have significant revenue, we want to see significant investment in the company
- Tax Credit is refundable
- Venbridge has a first priority security on the Digital Media claim, any SR&ED claim and a general security agreement
benefits
- FAST: Receive funds in as little as 3 days
- COST EFFECTIVE: While there is a cost to the loan, if you compare it to the cost of equity, the loan is usually much less expensive
- SIMPLE: Standard loan documentation which is easy to understand
Digital Media Refund Rates
PROVINCE |
RATE & FILING FEES |
REQUIREMENTS |
| British Columbia | Rate: 17.5%, Fee: $1k to $5k | BC Company. Wages paid to BC residents. Product must educate, inform or entertain and present information in at least 2 of text, sound or images |
| Manitoba | Rate: 40%, Fee: $0 | Permanent establishment in Manitoba. Minimum 25% of total salaries paid to Manitoba residents |
| Newfoundland & Labrador | Rate: 40%, Fee: $0 | Permanent establishment in NL. Primary purpose to educate, inform or entertain in at lease 2 of text, sound or images. |
| Nova Scotia | Rate: 17.5% to 50%, Fee: $0 | Permanent establishment in NS. Company primary purpose is to develop interactive digital media products. |
| Ontario | Rate: 35%, Fee: $100 to $2k | Permanent establishment in ON. Products must entertain or educate children under the age of 12 and present information in at least 2 of text, sound or images |
| Prince Edward Island | Rate: 25%, Fee: $0 | Permanent establishment in PEI. |
| Quebec | Rate: 26.25% to 37.5% $116 to $58k | Permanent establishment in Quebec. Business focused on multimedia title production. Must include 3 of text, sound, fixed images or animated images |