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Most Canadian provinces offer generous refundable tax credit for corporations who develop interactive multi-media applications and websites.
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Provincial Interactive Digital Media Programs
Most Canadian provinces offer generous refundable tax credit for corporations who develop interactive multi-media applications and websites. Eligibility criteria and refund rates vary from one province to another, but, to qualify for a specific provincial program, you have to have a permanent establishment in the province and file corporate taxes there. You can claim development labour and contracts cost. Some provinces allow claiming marketing as well as distribution cost.I have a question..xContact
Many media producers qualify for the Scientific Research and Experimental Development (SR&ED). SR&ED incentive is offered by the federal government,
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SR&ED for Media Producers
Many media producers qualify for the Scientific Research and Experimental Development (SR&ED). SR&ED incentive is offered by the federal government, and it is complemented by similar provincial programs. You qualify for the program if in the context of your software development or film and TV productions, you resolve technology limitations with systematic experimentation.I have a question..xContact
Film & TV Productions are rewarded with handsome tax credit refunds in most provinces.
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Provincial Film & TV production Programs
Film & TV Productions are rewarded with handsome tax credit refunds in most provinces. To qualify for a specific program, your corporation must have a permanent establishment in the province where production is carried out and provincial taxes are filed. In most cases, Canadian content is required for tax credit eligibility. Corporations that offer Film & TV production services, computer animation, and sound effects may also qualify for other tax credit incentives.I have a question..Contact
Canada offers two rewarding fully refundable tax credit programs for Canadian productions.
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Federal Film & TV production Programs
The government of Canada offers two rewarding fully refundable tax credit programs for Canadian productions. The Canadian Film or Video Production Tax Credit (CPTC) provides eligible productions with a tax credit available at a rate of 25% of production labour. In addition, the Film or Video Production Services Tax Credit (PSTC) provides eligible production corporations with a tax credit at a rate of 16% of the qualified Canadian labour expenditures.I have a question..xContact
About Media Funds®
We, at MediaFunds know first-hand the challenges that media producers face while funding the growth of their businesses. MediaFunds was established to provide assistance in processing all federal and provincial Tax credit incentive programs. Our media tax credit processing service helps you to focus on your core business operations while we take care of processing your media tax credits.
Simply put, we help our clients get back the most money that they are eligible for.Unlike other accounting firms, MediaFunds backs up its tax credit preparation services with an in-house team of experienced Media Content Specialists that possess technical knowledge of the underlying software and business niche. Our team of professional consultants provide a hands-on approach and walk you through the entire process, from the initial phase until you receive the cheque in your hand. We save you time to focus on your business, while we maximize your government assistance…Simple.