'PRODUCTION SERVICES' Tax Credits

  • Stable, reliable & financeable through CFC
  • 100% refundable - no brokering required

'PRODUCTION SERVICES' Tax Credits

  • No annual funding caps
  • No caps per Production
  • No salary caps
  • No sunset clauses or expiry dates

'PRODUCTION SERVICES' Tax Credits

  • No 'minimum spend in Canada' test
  • No Canadian filming/shooting days required
    -Both 'Post-Production-only'&'VFX-only' costs are eligible

'PRODUCTION SERVICES' Tax Credits

  • No Canadian 'cultural' tests
  • Non-Canadian entity can hold copyright

Canadian Content tax credits

  • Stable, reliable and bankable
  • 100% refundable - no brokering required



Ontario’s tax credit application volumes, values and administration costs have increased significantly over recent years, including a 221% increase in the number of products applying for tax credits. However, the associated tax credit application fees have not increased in more than a decade. The current administration fee structure has not kept pace with the increased volume of applications and is not sufficient to cover the actual costs of administering the program.

To address this issue, on April 1, 2017, OMDC will implement a new tax credit fee structure for tax credit programs which will offset administration costs and move towards cost recovery. The new fee structure will apply a consistent rate of 0.15% of eligible expenditures to all tax credits, with a credit-specific minimum and maximum cap. The new fee structure will help ensure the sustainability and stability of Ontario’s tax credit program. The fee structure reflects work required to review tax credit applications, is proportional to the value of the credit received by the applicant and is equitable for each sector.

The new tax credit administration fee structure will be applied to tax credit applications received on or after April 1, 2017 as follows:

Ontario Film and Television Tax Credit (OFTTC)

The OFTTC administration fee will be calculated as 0.15% of eligible expenditures for the application. There is a minimum fee of $500 per application and a maximum fee of $10,000 per application.

Ontario Computer Animation and Special Effects Tax Credit (OCASE)

The OCASE administration fee will be calculated as 0.15% of eligible expenditures for the application. There is a minimum fee of $500 per application and a maximum fee of $10,000 per application.

Ontario Production Services Tax Credit (OPSTC)

The OPSTC administration fee will be calculated as 0.15% of eligible expenditures for the application. There is a minimum fee of $5,000 per application and a maximum fee of $10,000 per application.

Ontario Interactive Digital Media Tax Credit (OIDMTC)

The OIDMTC administration fee will be calculated as 0.15% of eligible expenditures for the application. There is a minimum fee of $1,000 per application and a maximum fee of $10,000 per application.

Ontario Book Publishing Tax Credit (OBPTC)

The OBPTC administration fee will continue to be calculated as 0.15% of eligible expenditures for the application. The minimum fee of $50 per application and a maximum fee of $200 per application will remain the same; however, the corporate maximum per taxation year has been removed.

Ontario Sound Recording Tax Credit (OSRTC)

As the 2015 Provincial Budget announced that the OSRTC was being discontinued, the OSRTC administration fee will not be affected by the new administration fee structure. For companies applying retroactively for expenses incurred prior to May 1, 2016, the OSRTC administration fee will continue to be calculated as 0.12% of eligible expenditures for the application. The minimum fee of $50 per application, maximum fee of $200 per application and corporate maximum of $3,000 per taxation year will remain the same.
Posted: 2/8/2017 12:45:21 PM by | with 0 comments
Last week, Toronto mayor John Tory travelled to Los Angeles with a group of representatives from the entertainment industry to tout the benefits of filming in Toronto.

With a group double the size of the contingent who travelled to LA the year before, Tory met with studio executives and digital content producers with the aim to keep one of the city’s biggest industries – with filming investment totalling 1.55 billion dollars in 2015 – thriving.

The Toronto contingent also conveyed the message that the Ontario government has committed to the stability of the province’s film tax credit programs.

Read more here:

https://www.thestar.com/news/city_hall/2017/01/19/mayor-john-tory-to-return-to-los-angeles-to-court-movie-and-tv-business.html
Posted: 2/2/2017 3:56:08 PM by | with 0 comments
Canada Film Capital is proud to be one of many sponsors of the Canadian Film Centre’s annual Gala and Auction.

The event will be held at the Ritz Carlton located in downtown Toronto. Cocktails start at 6 with the silent auction, dinner, live entertainment and a live auction to follow.

More info here:

http://gala.cfccreates.com/
Posted: 2/1/2017 4:14:56 PM by | with 0 comments
From February 1-3, 2017 the Canadian Media Producers Association will be holding their national networking conference in Ottawa, Ontario.

Speakers at the event include the Honorable Melanie Joly, the Minister of Canadian Heritage and Prem Gill the Chief Executive Officer of Creative BC.

Mark your calendars!

More info can be found here:

http://www.primetimeinottawa.ca/our-sponsors-2017/
Posted: 2/1/2017 3:51:37 PM by | with 0 comments
 

Canada Film Capital was proud to be supporting the City of Toronto’s inaugural xoTO Lounge.

The Toronto Film & TV Office  hosted a 4 day Lounge in the heart of TIFF’s Festival village to showcase the benefits of producing in Toronto. The initiative was supported by a number of industry stakeholders.  

The Lounge welcomed TIFF industry participants and other guests, and hosted receptions such as meet the locals, bollywood/international co-pros and virtual reality. 

Many of Toronto’s film & TV players attended as did Mayor John Tory and a number of City Councilors including Councilor Paula Fletcher & Councilor Shelley Carroll.

To learn more about the services offered by the City of Toronto’s Film & TV Office, please visit toronto.ca/film

Posted: 9/30/2016 12:42:16 PM by | with 0 comments