• Technological adaptation – Knowledge-based economy ...
  • Technological adaptation services
  • Salaries and wages (BDC)
  • Acquisition or rental of property (BDC)
  • Short-term rental of specialized facilities in a biotechnology ...
  • Multimedia titles
  • Corporations specialized in the production of multimedia ...

Tax credit for corporations specialized in the production of multimedia titles

This credit is intended for corporations whose activities consist exclusively or almost exclusively in the production of multimedia titles. The credit is granted with respect to the qualified labour expenditure incurred by the corporation for eligible production work.

The rate of the credit varies according to the type of multimedia title produced. The rates are as follows:

• 37.5% for titles that are produced without having been ordered, are intended to be commercialized and are available in French
• 30% for titles that are produced without having been ordered, are intended to be commercialized and are not available in French
• 26.25% for other titles

A multimedia title is an organized set of numerical information that is not a title that is excluded on the final certificate issued by Investissement Québec.

Corporations that may apply for the credit

In order to claim the credit, the corporation must obtain a certificate from Investissement Québec stating that all or substantially all of the corporation's activities consist in producing, in an establishment located in Québec, multimedia titles on its own behalf or on behalf of other persons. Tax-exempt corporations cannot claim the credit.

Expenses giving entitlement to the credit

The following are qualified labour expenditures:

• salaries and wages paid to employees of an establishment located in Québec
• subcontracting expenses

How to apply for the credit

To apply for the credit, the corporation must complete form CO-1029.8.36.PM, Crédit d'impôt pour une société spécialisée dans la production de titres multimédias, and enclose the form with its income tax return or file the form no later than 12 months after the filing deadline for the return.

The return must also be accompanied by a copy of any valid certificate obtained from Investissement Québec.