Ontario Book Publishing Tax Credit
The Ontario Book Publishing Tax Credit (OBPTC) is a refundable tax credit available to Ontario book publishing companies which publish eligible literary works of eligible Canadian authors.
The Ministry of Revenue and the OMDC jointly administer this tax credit. The OMDC website has information which may assist you.
Benefit
The OBPTC was introduced in 1997 and enhanced in the 2000 and 2005 Ontario Budgets. It is refundable and is calculated as 30% of qualifying expenditures in respect of each eligible literary work, up to a maximum tax credit per literary work of $30,000.
How to Apply
A corporation is required to submit with its Ontario corporations tax return a separate OBPTC claim form and a Certificate of Eligibility from the Ontario Media Development Corporation (OMDC) for each eligible literary work.
Enter the total amount of the credit on Line 196 of the tax return.
