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 a combination of SR&ED-eligible expenditures and Interactive Digital Media Tax Credit expenditures, but it often takes years to receive your tax refund. At Venbridge we provide the financing critical to funding your development and success. The cost of debt financing is far less than other sources of capital for almost all successful gaming and digital media companies.
How The Digital Media Tax Credits Program Works
We will work with your existing consultant or your internal team to file a quality Digital Media & SR&ED claim
Once you have received a certificate of eligibility, we will finance a significant portion of the approved amount
Receive funds in as little as 3 days and repay your loan as early as you want (typical loans from 12 to 24 months)
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
Flexibility
- No warrants or equity kickers
- Senior or subordinate debt
- Light covenants
Criteria
- Minimum $150,000 Digital Media claim
- If you have a track record of success, Venbridge will finance your development from the start
- If you don’t have significant revenue, we want to see significant investment in the company
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 |