Manitoba Interactive Digital Media Tax Credit (MIDMTC)

By mmuise
Description:

The Manitoba Interactive Digital Media Tax Credit (MIDMTC) is a refundable corporate tax credit designed to help stimulate economic growth and job creation in Manitoba's interactive digital media industry and attract new investment to the sector. The MIDMTC provides up to a 40% credit to businesses on qualified labour expenditures, and some marketing and distribution expenses, incurred in the development of eligible interactive digital media products for market.


Comments on Funding:

1. The credit is equal to:
- 40% of eligible project costs paid in the tax year to residents of the province, when a corporation pays at least 25% of the salary and wages to employees who are Manitoba residents for the project period;
- 35% of eligible labour costs for the year, when a corporation that pays less than 25% of its wages to Manitoba employees, incurs labour expenses of at least $1 million more than government assistance related to those expenses.
2. Companies may claim up to $100,000 in eligible marketing and distribution expenses directly attributable to a project that meets the requirements to claim marketing and distribution costs.

Deadline: Rolling deadline
Eligibility:
  • Applicants must be businesses in Manitoba that have qualified labour expenditures, and some marketing and distribution expenses, incurred in the development of eligible interactive digital media products for market.
  • To qualify for a 40% tax credit, a company must be a taxable Canadian corporation with a permanent establishment in Manitoba and pay 25% of its company salaries and wages to Manitoba residents.
  • A company that pays less than 25% of its salaries and wages to Manitoba residents can qualify for a 35% tax credit if it incurs at least $1 million in qualifying Manitoba labour expenses annually.
  • Applicants must first apply for a Certificate of Eligibility before proposed project work on the product begins.
Application Steps:

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Documentation Needed:

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Other Things to Note:

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About the author
mmuise