Interactive Digital Media Tax Credit - Newfoundland & Labrador
Newfoundland and Labrador
Government of Manitoba, Economic Development, Investment, Trade and Natural Resources
Funding Amount
40% of qualifying expenditures
Funding Limits
$40,000 per eligible employee per calendar year and $2 million per company
Program Contact Details
TaxAdmin@gov.nl.ca
1-877-729-6376
Industry
Interactive Digital Media Development
What is this funding for?
Tax credit for interactive digital media production in Newfoundland and Labrador
Program Description
The NL IDM tax credit is a refundable tax credit for corporations developing an interactive digital media product in NL. It provides a 40% tax credit on qualifying expenditures, which consist of eligible salaries plus 65% of eligible remuneration paid. The credit value is limited to $40,000 per eligible employee per year and $2 million per company, or group of associated companies, in respect of all taxation years ending in a calendar year.
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