'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

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
Creative BC has provided additional details regarding the BC post-production expenditures that are eligible for the enhanced DAVE credit.
Read the update here.
Posted: 7/3/2015 3:08:03 PM by | with 0 comments
Guidelines for Nova Scotia’s new Production Incentive Fund, which took effect on July 1, 2015, are now available.
Read the guidelines here.
Posted: 7/2/2015 3:05:55 PM by | with 0 comments
The 2015 Ontario Budget introduced changes to reduce the OPSTC and OCASE tax credit rates for expenditures incurred after April 23, 2015. The Ontario Government has heard the concerns of industry and has proposed measures that would 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 the criteria outlined below:
 
Ontario Production Services Tax Credit (OPSTC):
 
A qualifying corporation’s Ontario production services tax credit for an eligible production shall be 25 per cent of its qualifying production expenditures incurred after April 23, 2015 and before August 1, 2016 if all of the following criteria are satisfied:
 
1.       Before April 24, 2015, the corporation has entered into at least one written agreement in respect of a qualifying production expenditure with a person that deals at arm’s length with the corporation and any of the following criteria are satisfied:
 
i.                    The agreement is in respect of services of a producer, a director, a key cast member, a production crew or a post-production crew.
ii.                  The agreement is in respect of a studio located in Ontario, or a location in Ontario.
iii.                The agreement demonstrates, in the opinion of the Minister of Tourism, Culture and Sport, that the corporation has made a significant commitment to production activities in Ontario.
 
2.       Before August 1, 2015, the corporation has applied to the Ontario Media Development Corporation for a certificate in respect of the production.
 
3.       Principal photography or key animation for the production commenced before August 1, 2015.
 
Ontario Computer Animation and Special Effects Tax Credit (OCASE):
 
A qualifying corporation’s Ontario computer animation and special effects tax credit shall be 20 per cent of its qualifying labour expenditures for expenditures incurred after April 23, 2015 and before August 1, 2016 if all of the following criteria are satisfied:
 
A qualifying corporation’s Ontario computer animation and special effects tax credit shall be 20 per cent of its qualifying labour expenditures for expenditures incurred after April 23, 2015 and before August 1, 2016 if all of the following criteria are satisfied:
 
2.       Before April 24, 2015, the corporation 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 the corporation and any of the following criteria are satisfied:
 
i.                    The agreement is in respect of digital animation or digital visual effects for use in the eligible production.
ii.                  The agreement demonstrates, in the opinion of the Minister of Tourism, Culture and Sport, that the corporation has made a significant commitment to production activities related to the eligible production in Ontario.
 
3.       Before August 1, 2015, the corporation has notified the Ontario Media Development Corporation in writing of its intent to apply for a certificate in respect of the eligible production.
 
4.       Before August 1, 2016, the corporation has applied to the Ontario Media Development Corporation for a certificate in respect of the eligible production.
 
5.       Principal photography or key animation for the production commenced before August 1, 2015.
 
The OPSTC and OCASE legislation will incorporate the above-noted changes. Applicants should review the legislation directly for further details. The applicable tax credit guidelines will be updated on the OMDC website in the coming weeks.
 
For further information on these amendments to Bill 91, please send an inquiry to taxcredits@omdc.on.ca 
 
Transitional Grant
 
For productions that commenced principal photography or key animation between August 1, 2015 and November 30, 2015, inclusive, but otherwise met the criteria listed for OPSTC and OCASE above, there will be a separate transitional mechanism outside of the Taxation Act.
 
Read the full bulletin here.
Posted: 5/25/2015 4:13:32 PM by | with 0 comments