'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

Last Spring, the Quebec government formed the “Quebec Taxation Review Committee” to analyze, and propose reforms of the Quebec taxation system.  It was referred to as the Godbout Commission, and was released last week.

The commission’s report was supportive of the tax credit program for domestic productions, however recommended abolishing the production services tax credit program over five years, starting in 2020.  

The Commission's recommendations are not binding, and the Quebec government is free to accept or reject any of the Commission's recommendations. 

Read the report here: http://www.examenfiscalite.gouv.qc.ca/publications/versions-anglaises/

Posted: 3/23/2015 12:00:00 AM by | with 0 comments