This measure is designed to encourage the production of multimedia titles in Québec. Eligible corporations can obtain a refundable tax credit.
The refundable tax credit may amount to 37.5% of eligible labour expenditures.
Your corporation may be eligible if it has an establishment in Québec and produces eligible multimedia titles.
Eligible production work in relation to a title refers to work carried out for the purpose of completing the production stages of the title, commencing with the design stage and indefinitely thereafter.
Expenditures must be incurred by the producer for eligible production work. Eligible labour expenditures include all of the following amounts:*
*Eligible labour expenditures are the labour expenditures specified here, less the amount of government or non-government assistance related thereto.
To be entitled to the tax credit, your corporation must first have a valid initial qualification certificate issued by Investissement Québec certifying that the title produced or to be produced satisfies the requirements in effect. Subsequently, your corporation must obtain, for every fiscal year for which it wishes to claim the tax credit, an annual eligibility certificate regarding the production work related to the eligible multimedia title.
Investissement Québec charges a fee for issuing initial qualification or eligibility certificates. For more information, contact an Investissement Québec advisor or see the rates schedule on our website.
Fees are charged for processing all eligibility certificate applications.
If your company is eligible for this tax credit, you may want to apply for financing for refundable tax credits to put your cash to work sooner. For more details, please contact one of our financing experts at 1 844 474-6367.