Tax credit calculator

Find out how much you could save by investing in Greater Montréal. The following questionnaire is based on pre-defined scenarios. For each question, please select the answer that best fits your investment project.

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Alexandre Lagarde

Vice President, Foreign Investments

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How many people will you hire?
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Will you have R&D activities?
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What will be the estimated % of time your workforce will be involved in R&D activities?
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Will your titles also be available in French from their first release?

Your line of business: video games

Number of full-time employees
25
80
R&D activities
Yes
No
R&D intensity (as a % of your employees’ work time)
20 %
80 %
Will your titles also be available in French from their first release?
Yes
No

Foreign controlled enterprise

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You could save up to
$705,323
on expenditures of $2,043,500 if you qualify for the 15% Canada SR&ED and the 37.5% Québec multimedia titles tax credits, including a refundable amount of $512,153
Annual expenditures and tax credits
Salaries $1,495,000
Bonuses (10%) $149,500
Benefits (20%) $299,000
Subcontractors $100,000
Total expenditures before tax credits $2,043,500
Amount for the 37.5% Québec multimedia titles ($512,153) and the 15% Canada SR&ED ($193,171) tax credits $705,323
Tax credits as % of investment 34.52 %
Total expenditures after tax credits $1,338,177

You may be eligible for other available programs and tax credits. Contact us to find out more.

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The present simulation is limited to general information for guidance and informational purposes only, based upon a specific situation. Through this simulation, Montréal International and PwC do not provide advice or professional services, including but not limited to those of an accounting, business, financial, investment, legal, tax or other nature.

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Salary details

Position Number of employees Average salary
Game Designer 4 $89,000
Senior Game Designer 1 $95,000
3D Artist 3 $73,000
Programmer 2 $89,000
Senior Programmer 2 $108,000
Creative Director 1 $137,000
Production Manager 1 $110,000
Studio Manager 1 $184,000
Total 15 $1,495,000

Other expenses

Subcontractors $100,000

Tax credit details

Production of Multimedia Titles Tax Credit provided by the government of Québec

The refundable tax credit could cover up to 37.5% of your qualifying labour expenditures, if the multimedia title is available in French. If it is not available in French, the tax credit rate is up to 30%.

Non-refundable Scientific Research and Experimental Development (SR&ED) tax credit provided by the government of Canada

A 15% tax credit on eligible SR&ED activities and expenditures. It may be combined with the Québec R&D tax credit, the tax credit for the production of multimedia titles and the Québec tax credit for E-Business development.

Source: salary data from fDi Benchmark, 2020.

Element/Shape/Related/Triangle 1 Created with Sketch.
Contact our expert

Alexandre Lagarde

Vice President, Foreign Investments