'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

The 2015 Ontario Budget reduced the OPSTC rate to 21.5% and the OCASE tax credit rate to 18% for expenditures incurred after April 23, 2015. Pre-budget rates were grandfathered for qualifying expenditures incurred after April 23, 2015 and before August 1, 2016, for productions which commenced principal photography by July 31, 2015. For productions that don’t qualify for grandfathering, the transitional grant will provide partial relief from the rate reductions on qualifying expenditures incurred after April 23, 2015 and before January 1, 2017, for productions which satisfy all of the criteria described below. 
 
Ontario Production Services Tax Credit (OPSTC)
 
1.        Eligible Agreement
 
Before April 24, 2015, your company has entered into at least one written agreement in respect of a qualifying production expenditure in respect of the production with a person that deals at arm’s length with your company and any of the following criteria are satisfied: 
    1. The agreement is in respect of services of a producer, a director, a key cast member, a production crew or a post-production crew.
    2. The agreement is in respect of a studio located in Ontario, or a location in Ontario.
    3. The agreement demonstrates, in the opinion of the Minister of Tourism, Culture and Sport, that your company has made a significant commitment to production activities in Ontario.
2.        Application for OPSTC Certificate
 
Your company must apply to the OMDC for an OPSTC Certificate in respect of the eligible production before December 1, 2015 and indicate in the application that you are applying for the transitional grant.
 
3.        Commencement of Principal Photography/Key Animation
 
Principal photography or key animation for the production must commence after July 31, 2015 and before December 1, 2015.
 
Ontario Computer Animation and Special Effects Tax Credit (OCASE)
 
1.        Eligible Agreement
 
Before April 24, 2015, your company has entered into at least one written agreement in respect of a qualifying labour expenditure for the eligible production with a person that deals at arm’s length with your company and any of the following criteria are satisfied:
    1. The agreement is in respect of digital animation or digital visual effects for use in the eligible production.
    2. The agreement demonstrates, in the opinion of the Minister of Tourism, Culture and Sport, that your company has made a significant commitment to production activities related to the eligible production in Ontario.
 
2.        Notification to the OMDC
 
Before December 1, 2015, your company must notify the Ontario Media Development Corporation (“OMDC”) in writing of its intent to apply for the transitional grant in respect of the eligible production. You must do this by submitting the form Notice of Intent to Apply for OCASE Transitional Grant found on the OMDC’s Online Application Portal.
 
3.        Commencement of Principal Photography/Key Animation
 
Principal photography or key animation for the production must commence after July 31, 2015 and before December 1, 2015.
  
4.        Application for OCASE Certificate
 
A filing deadline for an OCASE Tax Credit Certificate will be determined and communicated to affected companies after all Notices of Intent to Apply for OCASE Transitional Grant have been received by OMDC.
 
 Minister’s Opinion
 
If your company does not have a written agreement that satisfies the specific types of agreements listed above for the OPSTC and OCASE, you can request an opinion of the Minister of Tourism, Culture and Sport as to whether another written agreement demonstrates that you have made a significant commitment to production activities in respect of the production in Ontario. Such a request should only be made if your company does not have an agreement that otherwise satisfies the criteria. Your company must have entered into this written agreement before April 24, 2015 in respect of a qualifying expenditure for the eligible production, with a person that deals at arm’s length with your company.
 
If a determination is made that the agreement does demonstrate such a commitment, a notice of determination will be provided to your company.
Posted: 10/20/2015 3:34:38 PM by | with 0 comments
We’re two weeks away from the start of the 40th annual Toronto International Film Festival.  The Festival runs from September 10-20, 2015.
 
Find our more here.
Posted: 8/26/2015 12:26:50 PM by | with 0 comments
Prem Gill has been appointed as the new CEO of Creative BC.  She takes over from former president and CEO Richard Brownsey, who retired on June 30, 2015, and officially starts her new role at the end of September.
 
Creative BC is a government-funded, not-for-profit agency that supports British Columbia’s creative sector and administers funding and tax credit programs for the film and television industry.
 
Read more here.
Posted: 8/26/2015 12:24:28 PM by | with 0 comments
Creative Saskatchewan has announced an increase in the available funding for grant applicants.  For Film and Television producers, the Screen-Based Media Production Grant is equal to 30% of all eligible Saskatchewan film and television expenditures, to a maximum of $600,000 per applicant, per year, up from $250,000.  The increase applies to all funding applicants, including the Screen Based Media Production Grant, and is effective August 4, 2015.
 
Read more here.
Posted: 8/7/2015 11:22:58 AM by | with 0 comments
The 2015 Ontario Budget reduced the OPSTC and OCASE tax credit rates for expenditures incurred after April 23, 2015. The Ontario Government will grandfather the tax credit rates of 25% and 20% for the OPSTC and OCASE respectively, for eligible expenditures incurred after April 23, 2015 and before August 1, 2016 for productions that meet certain criteria. For a reminder of the criteria, please see the tax credits bulletin issued on May 25, 2015 – OPSTC & OCASE Bulletin.   More information can also be found in the OPSTC and OCASE legislation and Guidelines on OMDC’s website: OPSTC Guidelines and OCASE Guidelines. FAQs are also available to assist you: OPSTC FAQs and OCASE FAQs.
IMPORTANT: Please note that you must apply before August 1, 2015 in order for your production to be considered for grandfathering of the higher tax credit rates.

What does that mean for OPSTC and OCASE?

OPSTC:
July 31, 2015 is your last day to submit an OPSTC application on the OMDC’s Online Application Portal (OAP) for productions that meet the criteria and commenced principal photography or key animation before August 1, 2015.
OCASE:
July 31, 2015 is your last day to submit a Notice of Intent to Apply for OCASE Grandfathering form on the OAP for productions that meet the criteria and commenced principal photography or key animation before August 1, 2015. (The corresponding OCASE tax credit application must be submitted on the OAP before August 1, 2016.)
The OAP can be found here
If your production qualifies, don’t miss the deadline to have the higher tax credit rate grandfathered!
 
PRODUCTIONS COMMENCING AFTER JULY 31, 2015
For productions that will commence principal photography or key animation between August 1, 2015 and November 30, 2015 inclusive, but otherwise meet the criteria listed for OPSTC and OCASE grandfathering, you may be eligible for a grant that will provide some relief. Further details will be provided in the Fall of 2015.
Posted: 7/7/2015 5:06:55 PM by | with 0 comments