Getting Extra Credit - What you should know about tax credits.
Tax credits in Ontario support innovation and production labour, and can be an extremely useful forms of project financing. The recent Ontario government’s 2009 budget included significant improvements to the province's competitive edge for interactive media. These include an increased rate of up to 40% and and expansion of the eligibility criteria for the Ontario Interactive Digital Media Tax Credit (OIDMTC). The federal government has long offered a tax credit for Scientific Research & Experimental Development (SR&ED) at up to 35% which can be paired with the Ontario Innovation Tax Credit (10%) and applied to different types of technology development expenditures for digital media firms.
How can these credits affect your next financing plan? How do innovation and labour tax credits work together (or not)? Are you prepared to do all the paperwork? When should you seek professional help?
Join us for an in-depth discussion and analysis of the new OIDMTC, the SR&ED and the OITC, including the types of activities that they are intended to support and the impact it can have on your business.
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Schedule:
11:30 Registration
11:45 Lunch
12:15 Introductory remarks followed by panel discussion
13:30 Q & A session
13:55 Final remarks
14:00 Post-event networking
Featuring:
 | Michael McGuigan, Director, New Media, Breakthrough New Media With 17 years' experience in Television, New Media and Radio, Michael McGuigan brings a wealth of experience to Breakthrough New Media. He has worked in television distribution with 20th Century Fox/Astral Television Distribution Ltd. and in television production with Cambium Films and Television at a senior management level, and has been involved in the production and financing of a number of websites. Michael is a Certified Management Accountant and a graduate of the University of Toronto. | |
| Jennifer Blitz, Director of Tax Credits, Ontario Media Development Corporation Jennifer Blitz has served as the Director of Tax Credits at the Ontario Media Development Corporation since October 2006. She began her tenure with the OMDC as a Team Leader in the Tax Credits Department in 2004 managing a team of analysts. Before joining the OMDC, Jennifer was a policy advisor for the former Minister of Culture, David Tsubouchi, conducting consultations with stakeholders and briefing the Minister on policy proposals. Jennifer is a lawyer by training, having worked at the law firm of McCarthy Tétrault. She received her LL.B. from Osgoode Hall Law School. | |
.jpg) | Santino Mariani BBA, C.A., Associate Tax Partner, ICE KPMG LLP With over sixteen years’ experience, Santino provides strategic tax advisory services to clients of all sizes, from small owner-managed entities to large public companies, national and international. He has a broad depth of knowledge and brings astute insights and pragmatic solutions to situations involving cross-border structures, mergers and acquisitions, internal reorganizations, capital tax planning and corporate compliance. He also spearheads KPMG's GTA Digital Media efforts and works extensively with gaming companies providing advice on financing, business structures, growth strategies, and tax incentives. | |
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| Moderated by: Jim Laird, Managing Director & CFO, Bedlam Games | Jim is the Managing Director & CFO of Bedlam Games, a Toronto-based developer of AAA console video games. He is a veteran finance executive with nine years of experience, including seven years of experience in venture capital making investments in high tech companies. He has made investments in the gaming industry in companies like Groove Games and Transgaming Technologies. Jim was previously Vice President, Investments with Covington Capital, which he joined in November 2002. Prior to Covington, Jim was a managing partner with New Millennium Venture Partners and an institutional equity analyst with HSBC Securities and Gordon Capital. Jim also serves on the Board of Directors of MITACS, an NCE for the Mathematical Sciences. | |
Directions to the Gladstone Hotel
Public Transit Directions from Union Station
Take the University subway line north to Osgoode Station. Make sure to take a transfer when you buy your subway ticket. Exit the subway and board a 501 streetcar west to Gladstone Avenue. The hotel is located directly on the corner of Queen Street West and Gladstone Avenue.
Parking is available at Public Green P lots which can be found nearby at:
O'Hara and Queen (173 Spaces) see map
Abell and Queen(29 Spaces) see map