'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 Manitoba Film and Video Production Tax Credit, which was scheduled to expire December 31, 2016, has been extended for three years to the end of 2019.
Posted: 5/6/2015 12:50:55 PM by | with 0 comments
In today’s Budget, the Ontario Finance Minister announced that the lower Canadian dollar is making Ontario an increasingly attractive location for productions and is increasing foreign investment in the film and television sector. He stated that foreign productions have benefited significantly from the drop in the Canadian dollar relative to the US dollar. As a result, he said there is a reduced need for government support of foreign productions. The Minister has stated that the proposed changes to Ontario’s film and television tax credits strike a balance between cultural support and fiscal responsibility. Ontario expects to continue to attract production activity through a combination of world-class infrastructure, talent and skills, diverse locations, and stable and competitive financial incentives.
 
Ontario Production Services Tax Credit (OPSTC)
 
The OPSTC is currently a 25 % refundable tax credit. Ontario proposes to reduce the rate of this credit from 25 %  to 21.5 % for qualifying production expenditures incurred after April 23, 2015
 
Ontario Computer Animation and Special Effects Tax Credit (OCASE)
 
The OCASE is currently a 20 % refundable tax credit available to qualifying corporations on Ontario labour for eligible computer animation and special effects activities. Ontario proposes to reduce the rate of the OCASE from 20 % to 18 % for expenditures incurred after April 23, 2015.
Posted: 4/23/2015 5:19:46 PM by | with 0 comments
Effective July 1, 2015, Nova Scotia will provide funding for screen-based content creation to eligible organizations with a permanent establishment in Nova Scotia through the new Nova Scotia Film & Television Production Incentive Fund.  Nova Scotia has allocated $10 million dollars to the Fund in its 2015-2016 budget.  The Fund is based on the Alberta Production Grant, and is expected to operate similarly.
 
Two streams will be available:
• Stream I: Indigenous/Co-Production: base funding of 25% of all eligible Nova Scotia costs
• Stream II: Foreign/Service Productions: base funding of 25% of all eligible Nova Scotia costs
• Additional Incentive for rural production work and Nova Scotia producers
 
Eligible expenses will include:
• Post production
• Special effects
• Musicians, composers, orchestrators
• All Nova Scotia labour
• All rentals
• Carpenters, painters, electricians and other required trades
• Craft services
• Food and accommodations
• Wardrobe, makeup and hair
• All production services
• Studio facility rental
• Equipment rental such as cameras, generators, cranes, scaffolding
Posted: 4/23/2015 9:42:59 AM by | with 0 comments

Nova Scotia announced a change to the structure of its tax credits in the 2015-2016 Budget this week.  Effective July 1, 2015, the tax credits will change from fully refundable to 25 % refundable.  The remaining 75 % of the tax credit will now be non-refundable, and will be available for use as a tax offset for those companies owing income taxes in Nova Scotia.

 Read the bulletin here:  http://www.novascotia.ca/finance/site-finance/media/finance/budget2015/Tax_System_Bulletin.pdf

 

Posted: 4/9/2015 12:00:00 AM by | with 0 comments

Quebec has confirmed that the production services tax credit rates will remain the same for the full 2015-2016 fiscal year.  Quebec cited several reasons for this commitment, which included the positive impact that foreign productions have had on the Quebec domestic film production industry.

Read the budget here:  http://www.budget.finances.gouv.qc.ca/budget/2015-2016/en/documents/BudgetPlan.pdf  

Posted: 3/26/2015 12:00:00 AM by | with 0 comments