British Columbia interactive digital media tax credit
grant_single|update April 27, 2025
BC, Canada
Supports corporations developing interactive digital media products in BC
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Tax Credits
grant_single|eligibleIndustries
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Educational services
- Arts, entertainment and recreation
grant_single|grantors
- BC Ministry of Finance
- Government of British Columbia
grant_single|status
grant_card_status|open
grant_single_labels|preview
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.
grant_single_labels|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.
grant_single_labels|projects
- 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.
grant_single_labels|admissibility
- 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.
grant_eligibility_criteria|who_can_apply
- Eligible registered corporations developing interactive digital media products
- Corporations producing video games
- Companies creating educational software
- Businesses developing edutainment products
- Corporations creating simulators
grant_eligibility_criteria|who_cannot_apply
- 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.
grant_eligibility_criteria|eligible_expenses
- Eligible salary and wages incurred in the development of interactive digital media products.
grant_eligibility_criteria|zone
- British Columbia
grant_single_labels|apply
- 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.
grant_single_labels|otherInfo
- 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.
grant_single_labels|contact
ITBTaxQuestions@gov.bc.ca
250-387-3332
Apply to this program
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