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Province Extends Digital Media Tax Credit for Three More Years – VOCM


The Interactive Digital Media Tax Credit is being extended through 2024.

Companies developing an interactive digital media product in Newfoundland and Labrador may receive a 40 per cent tax credit on certain expenses such as eligible salaries and 65 per cent of eligible remuneration.

Corporations must apply for a the credit within 18 months of the end of the taxation year.

More information is available on the provincial government’s website.

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Harry Miller is a writer and editor based in Toronto with 14 years of experience in the journalism industry. Before joining Canada News Media as a National Online Journalist, Miller worked as a senior writer and a reporter-editor with the Canadian Press and as a breaking news reporter with the Toronto Star. At Canada News Media he covers national news and the trending stories Canadians are searching for. Miller holds two bachelor's degrees, one in journalism from Ryerson University and another in communications and film studies from Carleton University.

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