Quebec Economic Plan announces changes to VFX bonus tax credit and budget eligibility threshold
Posted: 4/6/2017 5:40:59 PM by
Quebec has announced the following positive changes to its refundable Film and TV Production Services Tax Credit program:
- Virtual Reality and Augmented Reality have been added as activities which are eligible for both the 20% ‘spend’ credit and the 16% VFX and computer animation bonus credit.
- The minimum budget threshold for tax credit eligibility has been reduced to $250,000 for a single work or for an entire series or miniseries, regardless of run time. Previously, the minimum budget was C$1 million for single productions (feature films/one-offs), and C$100,000 or C$200,000 per episode, depending on duration, for a series or miniseries.
A copy of the complete Economic Plan can be found here