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Q.

What is a government digital media tax credit?

A.
Some government agencies in Canada, at the provincial and federal levels, offer a tax credit on related expenses to approved businesses that produce digital media (multimedia) products and/or services that meet the qualifying conditions of the respective programs. Just what sort of company can be approved for a digital media tax credit will vary, as some may be focused on education rather than entertainment multimedia, some may be limited to efforts to develop new digital media technologies, others are going to be limited to geographic regions, and so on. So, before applying to a government program offering a digital media tax credit, research their qualifying conditions and other relevant details to ensure your company is eligible for the relevant tax credit.
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