Companies developing interactive digital media product in Newfoundland and Labrador may receive forty percent tax credit on qualifying expenditures (QE).
QE consists of eligible salaries plus 65% of eligible remuneration; credit value limited $40k per eligible employee per year and $2mn per company/group of associated firms.
Tax credit certificate only issued to eligible corporations after Dec. 31, 2014 and before Jan. 1, 2025; must apply for tax credit within 18 months of end of the taxation year.
Effectiveness
Interactive digital media tax credit regulation is extended to De. 31, 2024.
Regulators
CAN NFD GVT
Entity Types
CNSM; Corp
Reference
LR PR, 4/1/2021; Citation: Interactive digital media tax credit regulation;
