Ontario Book Publishing Tax Credit (OBPTC)
The Ontario Book Publishing Tax Credit (OBPTC) is a refundable tax credit, based upon eligible Ontario pre-press, printing and marketing expenditures incurred by a qualifying corporation with respect to eligible book publishing activities, as well as expenses related to publishing an electronic or digital version of an eligible literary work.
Grant Deadline
Deadline not available
Funding Amount
Range between $1 - $30,000
Type of Grant
Tax Credit
Sectors
Arts & Culture, Entertainment, Media
Demographics
Incorporation
For Profit
Perks
Region Restriction
This grant is restricted to whole of Canada
Keywords
tax credit, ontario, literature, Books, refundable, publishing
Age Restriction
This grant is age restricted from 18 to 100
Eligibility and Requirements
Who Is Eligible?
A qualifying corporation is a Canadian-controlled corporation, as determined under sections 26 to 28 of the Investment Canada Act (Canada), must carry on a book publishing business primarily through a permanent establishment in Ontario and files an Ontario corporate tax return. A qualifying corporation must allocate more than 50% of its taxable income to Ontario in the taxation year the credit is being claimed and must have published at least two books in the previous year. An exception is made regarding the requirement to have published two books in the previous year where an Ontario book publishing company has transferred its business, amalgamated or wound up its company.
A literary work is an eligible literary work if:
- it is written by an eligible Canadian author, or if it is written by more than one author, at least 90% of the material is written by eligible Canadian authors;
- 90% or more of the literary work is new material that has not been previously published;
- it belongs to an eligible category of writing;
- where it contains pictures, the ratio of the amount of text to pictures is at least 65 % (except in the case of children’s books);
- it is at least 48 printed pages in length (except in the case of children’s books) and is suitable for publication as a bound paperback, or a hardback*; and
- it is not a prescribed ineligible publication.
*Note that a bound edition is only required for books published prior to 2020.
Who Is an Eligible Author?
- An eligible Canadian author is an individual who, when the contract is entered into to publish the eligible literary work, is ordinarily resident in Canada and is either a Canadian citizen or a permanent resident.
Grant Application website
https://www.ontariocreates.ca/tax-incentives/obptc
Contact
Tax Credits & Financing Programs
175 Bloor Street East
South Tower Suite 501
Toronto ON M4W 3R8