Modernization of the Ontario Interactive Digital Media Tax Credit
Interactive Ontario (IO) and the video game/interactive digital media (IDM) member companies it represents, fully support the Ontario Government’s commitment to modernize the OIDMTC. We share the government’s goals to increase Ontario’s competitiveness, attract investments, and offer great career opportunities in Ontario by creating jobs in the IDM sector.
IO’s Advocacy Committee, in consultation with industry leaders, submitted “Interactive Ontario Recommendations – OIDMTC Red Tape and Modernization – Part 1 (Nov 6 2023)” and “Interactive Ontario Recommendations – OIDMTC Red Tape and Modernization – Part 2 (Dec 11 2023),” to the Ontario government. Since then, the eligibility of remote work for all Ontario labour was clarified, and Interactive Ontario has continued to engage with the Ministry in charge of the Interactive Digital Media (IDM) industry, on the following priorities.
Red Tape Recommendations (in blue are short-term priorities)
- Remove the 80/90 company test for annual filing (93.2).
- Modernize the 80/25 rule under Specified and Non-specified Products.
- Develop a service standard for OIDMTC processing time aligned with leading jurisdictions.
Modernization Recommendations
- Support talent acquisition from other jurisdictions (change the residency requirement).
- Lower the Ontario labour threshold for annual filing (93.2) to $250K.
