Good news for B.C.’s digital media companies, as the provincial budget has extended the tax credit for interactive digital media to 2018. During Tuesday’s budget review, Finance Minister Michael de Jong announced that British Columbia is expanding the Digital Animation or Visual Effects tax credit to post-production activities, and extending the Interactive Digital Media tax credit.
The Digital Animation or Visual Effects (DAVE) tax credit will apply to labour expenditures on eligible post-production activities for productions where principal photography begins on or after March 1st, 2015.
The Interactive Digital Media tax credit is a 17.5 per cent refundable tax credit on eligible salary wages for eligible companies that develop interactive digital products in B.C., read the government press release.
Recent Comments