Ontario Computer Animation and Special Effects Tax Credit
The Ontario Computer Animation and Special Effects (OCASE) tax credit is a refundable tax credit based upon eligible Ontario labour expenditures incurred by a qualifying corporation during a taxation year with respect to eligible computer animation and special effects activities.
The Benefit
The OCASE tax credit is a 20% refundable tax credit for eligible Ontario labour expenditures incurred by a qualifying corporation.
Eligibility
Eligible Ontario labour expenditures incurred prior to May 12, 2005 cannot exceed 48% of the cost of eligible activities net of government assistance. There is no cap for eligible Ontario labour expenditures incurred after May 11, 2005.
How to Apply
A corporation is required to submit with its Ontario corporations tax return a Certificate of Eligibility from the Ontario Media Development Corporation (OMDC).
Enter the total amount of the credit on Line 197 of the tax return.
Additional Information
The Ministry of Revenue and the OMDC jointly administer this tax credit. The OMDC website has information which may assist you.
