How much funding can be received?

Funds up to 25% of admissible expenses.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the British Columbia interactive digital media tax credit?

British Columbia interactive digital media tax credit is funded by BC Ministry of Finance, Government of British Columbia

What are British Columbia interactive digital media tax credit's eligibility criterias?

Registered corporation developing interactive digital media products Product must be developed in British Columbia

British Columbia interactive digital media tax credit

Last Update: April 27, 2025

BC, Canada

Supports corporations developing interactive digital media products in BC

British Columbia interactive digital media tax credit at a glance

Eligible Funding

Up to 25% of project cost

Timeline

Continuous Intakes

Financing Type

Tax Credits

Eligible Industries

Manufacturing
Information and cultural industries
Professional, scientific and technical services
Educational services
Arts, entertainment and recreation

Grant Providers

BC Ministry of Finance
Government of British Columbia

Status

Open

Overview of the British Columbia interactive digital media tax credit program

The British Columbia Interactive Digital Media Tax Credit (IDMTC) provides a fully refundable tax credit of up to 25% for eligible salary and wages incurred by registered corporations developing interactive digital media products, such as video games, educational software, and simulators. The program supports the creation of digital media projects designed to educate, inform, or entertain users through interactive experiences developed in British Columbia.

Financing terms and conditions

Refundable tax credit of 17.5% for eligible salaries and wages incurred before September 1, 2025.
Refundable tax credit increases to 25% for eligible salaries and wages incurred after August 31, 2025.
Credit is first applied against total income tax payable; any remaining amount is refunded to the corporation.
No carry-back or carry-forward provisions for unused credits.

Eligible projects & activities

Development of interactive digital media products such as video games.
Creation of educational or edutainment software designed to inform or entertain users interactively.
Design and development of simulators used for training or education purposes.
Production of augmented reality (AR) and virtual reality (VR) products that provide interactive user experiences.

Eligibility criteria of the British Columbia interactive digital media tax credit program

The applicant must be a registered corporation.
The corporation must be registered with the British Columbia Ministry of Finance for the Interactive Digital Media Tax Credit program and must pay the application fee.
The project must involve the development of interactive digital media products intended to be used interactively by individuals.
The interactive digital media product must be developed in British Columbia.

Who is eligible?

Eligible registered corporations developing interactive digital media products
Corporations producing video games
Companies creating educational software
Businesses developing edutainment products
Corporations creating simulators

Who is not eligible

Companies developing products that enable gambling with currency.
Businesses producing non-interactive digital products, such as blogs, online magazines, or newspapers.
Organizations creating media products like slide shows, videos, PowerPoint presentations, or video streaming applications.
Companies focused on social media products that are not interactive digital media as defined by the program.

Eligible expenses

Eligible salary and wages incurred in the development of interactive digital media products.

Eligible geographic areas

British Columbia

How to apply to the British Columbia interactive digital media tax credit program

Step 1: Register with the Ministry of FinanceRegister your corporation with the British Columbia Ministry of Finance for the Interactive Digital Media Tax Credit.
Pay the required application fee during the registration process.
Step 2: Prepare Claim DocumentationCompile all records of eligible salary and wage expenses incurred during the tax year.
Ensure you complete Schedule 429, British Columbia Interactive Digital Media Tax Credit.
Enter the amount of the credit on line 680 of Schedule 5, Tax Calculation Supplementary – Corporations.
Step 3: Submit Tax Credit Claim to CRAInclude Schedule 429 and Schedule 5 with your T2 Corporation Income Tax Return.
Submit the completed tax return and supporting schedules to the Canada Revenue Agency.
Ensure submission is no later than 18 months after the end of the tax year in which the eligible salaries and wages were incurred.

Additional information

The tax credit is fully refundable but is first applied against the total corporate income tax payable.
There are no carry-back or carry-forward provisions for unused credits.
Claims must be made with the Canada Revenue Agency no later than 18 months after the end of the relevant tax year.
Effective September 1, 2024, products that enable gambling with currency are not eligible for the credit.