Tax CreditOntarioMarketingWorking Capital
Ontario Book Publishing Tax Credit (OBPTC)
The Ontario book publishing tax credit is a refundable tax credit of 30% on the qualifying pre-press, printing and marketing expenditures incurred during a tax year for an eligible literary work, by an Ontario book publishing company, up to a maximum credit of $30,000 per work.
Offered by Ontario Creates
Amount
No specific amount specified
Quick eligibility check
Years in business
No minimum stated
Employees
No limit stated
Revenue
No limit stated
Legal structure
Incorporated
Location
Ontario
Who can apply
The applicant must:
- be a Canadian-controlled corporation throughout the tax year, as determined under sections 26 to 28 of the Investment Canada Act;
- carry on a book publishing business primarily through a permanent establishment in Ontario for the tax year;
- file an Ontario corporate tax return;
- allocate more than 50% of its taxable income to Ontario in the taxation year the credit is being claimed;
- have published at least two books in the previous year. An exception is made regarding the requirement to have published two books in the previous year where an Ontario book publishing company has transferred its business, amalgamated or wound up its company;
- not be controlled by the author of the literary work, or by a person not dealing at arm's length with the author;
- not be exempt from tax under Part III of the Taxation Act, 2007 (Ontario) for the tax year.
About the funding
Funding is a 30% refundable tax credit up to $30,000 per literary work
Claimed through the Canada Revenue Agency on your corporate tax return.
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