Ontario Creates Interactive Digital Media Fund - Budgeting and Financing Guidelines 2020-21 - Deadlines Updated January 2020

Sep 12, 2026

Upload by Adam

Ontario Creates IDM Fund 2020-21 budgeting and financing guidelines explain how applicants must complete and submit the required Excel budget templates for Concept Definition and Production projects by the January 2020 updated deadlines. The document sets out required financial structure details, acceptable financing types, and strict documentation for cash contributions, third-party commitments, deferrals, discounts, and non-cash/in-kind amounts. It also details budgeting rules for eligible costs, timing of expenditures, labour rate calculations, contingency constraints, and limits on outside-project-phase expenses.

LanguageEnglish

CategoryGeneral

FormatPDF

Pages5

Reading Time2 min

AccessFree to download

Templates

Budget submission requirements

Available budget template types

Financing Considerations

Required financial structure

Cash contributions and documentation

Deferrals, discounts, and non-cash contributions

Minimum third-party cash contribution

Eligibility and use of OIDMTC

Budgeting Considerations

Completing the budget template

Timing of incurred expenditures

Cost estimate support and market value

Labour rate calculation rules

Ineligible outside-project-phase activities

2020-21 ONTARIO CREATES INTERACTIVE DIGITAL MEDIA FUND Budgeting and Financing Guidelines For 2020-21 Deadlines-updated January 2020 Templates • For Budget, Summary of Related Party Transactions, Financing Plan and Schedule of Minimum Ontario Expenditures Templates: o All documentation must be submitted on the relevant Ontario Creates Interactive Digital Media (IDM) Fund budget template. o Two templates are available, one for Concept Definition projects and one for Production projects. o In order to be considered complete all relevant sheets in the budget template must be complete, including a Summary of Related Party Transactions, a Financing Plan and a Schedule of Minimum Ontario Expenditure. Templates for these documents are available here: § Concept Definition § Production o Applicants must submit the budget template in excel format. PDF versions of the document will not be accepted. Financing Considerations • Please ensure that a complete, fully detailed financial structure is included with your supporting material on the Ontario Creates IDM Fund budget template. • Type of financing must be specified in the financial structure and may include grants, loans , equity investments, deferrals, donations, tax credits etc. (documentation that interim-financing is in place for the full projected tax credit is required) • Cash contributions from the applicant company or a related party must be supported with a statement or letter from a financial institution that demonstrates the contribution is available at the time of application. • Cash contributions from third parties must be committed in writing at the time of application and supported with appropriate signed letters or agreements that include, at minimum , the following details: o date o type of commitment (i.e. grant, equity, advance, etc.) o amount of contribution o total and date of budget o reference to the project being financed o payment schedule or proposed drawdown (if applicable) • Projects that are under review with other recognized industry funding programs (e.g. Canada Media Fund) at the time of application to this program will be considered provided that financing is confirmed by the time of Ontario Creates’ notification of funding approval. • A minimum 10% cash contribution is required from a source other than Ontario Creates. This cash contribution can come from either a related or an unrelated party. A cash contribution from a third party that is receiving payment from the budget will not be considered. The 10% cash contribution must be supported with appropriate documentation (see above) . • Deferrals , discounts and non-cash/in-kind contributions from the applicant company, partners and/or third parties may be included in the financial structure. All deferrals , discounts and non-cash contributions must be supported with appropriate signed letters or agreements including , at minimum , the following details: o date o description and value of goods and/or services to be provided o budget code (s) o amount including discounts Deferrals, discounts and non-cash/in-kind contributions from employees and subcontractors must be supported with signed letters or agreements from these individuals as outlined above. Each contribution must be listed on a separate line item in the financing scenario. • Budget allowances for contingency may not be deferred. • Funding associated with activities that typically occur outside of the project phase for which the application is being submitted (Concept Definition or Production) cannot be used to make up the balance of the financing required by the Ontario Creates IDM Fund. Similarly, costs associated with these activities should not be included in the budget. • If eligible, the Ontario Interactive Digital Media Tax Credit (OIDMTC) may be used as part of the financing for the project. It is the responsibility of the applicant to consult the legislation and regul

FAQs

Which budget template must applicants use for the Ontario Creates IDM Fund?

Applicants must submit the Ontario Creates IDM Fund budget template in Excel format, selecting the appropriate template for Concept Definition projects or Production projects.

What documentation is required for third-party cash contributions?

Third-party cash contributions must be committed in writing at the time of application and supported with signed letters or agreements including date, type of commitment, amount, total and budget date, project reference, and payment schedule or proposed drawdown if applicable.

What are key budgeting and eligibility limits for costs?

Budgets must include all project costs using the required template, and most costs must be incurred and spent by the delivery of the final report. Costs and financing associated with activities outside the submitted project phase are not eligible, and contingency allowances may not be deferred.

Sep 12, 2026

Upload by Adam