British Columbia interactive digital media tax credit

Important notice

An extension to the British Columbia interactive digital media tax credit has been announced. See what's new for British Columbia corporations.

The interactive digital media tax credit is a refundable credit equal to 17.5% of BC eligible salary and wages (net of designated assistance) incurred before September 1, 2028.

You cannot claim this credit if you claim the BC scientific research and experimental development tax credit for the year.

Also, the corporation must meet all of the following conditions:

The $100,000 and $2,000,000 are prorated for short tax years.

Note

Interactive digital media corporations registered as eligible business corporations in the small business venture capital program are eligible to claim the credit.

For more information about this credit, see Part 10 of the British Columbia Income Tax Act.

Claiming the credit

File Schedule 429, British Columbia Interactive Digital Media Tax Credit, with your return.

On line 680 of Schedule 5, Tax Calculation Supplementary – Corporations, enter the amount of the credit you are claiming.

You must claim this credit no later than 18 months after the end of the tax year.

Forms and publications

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