'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

Alberta issued updated guidelines for the Alberta Production Grant on November 18, 2014.
 
Some of the major changes to the program include:
o   Reality TV is now an eligible genre
o   For projects with budgets exceeding $1 M
o   Applicants must demonstrate that at least 75 % of the project is funded, up from 70 %
o   Applicants who have not demonstrated 100 % confirmed financing may require a completion bond
o   3rd-party audited financial statements for projects are now required for budgets of $200 K or more, audit threshold was previously $500 K
o   The “Key Creative” definition has been replaced by “Head of Department” and has been expanded to include:  wardrobe, key hair, key make-up, interactive developer, location sound mixer, visual effects artist and up to three Albertan performers in lead or supporting roles
o   The Costume Designer is not considered a Head of Department
o   “Stream I” Productions
o   productions must be at least 50 % owned and controlled by Albertans, up from 30 %
o   a minimum of 8 Albertans must be employed in Head of Department positions, up from 6 “Key Creatives”
o   now a maximum of 4 trainees may be substituted for Albertan Head of Department positions
o   “Stream II” Productions
o   now applies to productions with less than 50 % Albertan ownership (previously less than 30 %)
o   now a maximum of 4 trainees may be substituted for Albertan Head of Department positions
o   Definition of “Albertan”: Applicants may request that individuals be considered Albertan if they have filed an Alberta Tax Return in any 1 of the 4 prior taxation years. Only those individuals approved in an advanced ruling will be considered. This practice will be reviewed on an annual basis and, pending crew development in Alberta, may be discontinued.
 
Read the revised guidelines here.
For more information, contact Alberta Film here
Posted: 12/4/2014 6:05:21 PM by | with 0 comments