'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

British Columbia has announced the following changes to in its Film & TV Tax credit programs

Posted: 5/3/2016 1:06:52 PM by
 British Columbia has announced the following changes to in its Film & TV Tax credit programs: 
 
  • Production Services (PSTC) Tax Credit is being reduced from 33% to 28 % of qualifying BC labour.

  • Digital Animation & Visual Effects (DAVE) Tax Credit is being reduced from 17.5 % to 16 % of qualifying BC DAVE labour.
 
Along with the new tax credit rates, BC’s Minister of Finance, Mike de Jong ‎also announced rules which would allow certain Productions to be grandfathered under the higher tax credit rates. 
 
Grandfathering of certain ‘Live Action’ Productions (this applies to Productions for which there is live action filming in British Columbia) 
 
  • If principal photography for the Production has commenced prior to October 1, 2016, then the 33 % PSTC rate and the 17.5 % DAVE tax credit rate will apply. 
[Note: In the case of a series, if the first episode has commenced filming prior to October 1, 2016, then the entire season will be grandfathered at the higher tax credit rates]. 

  • If principal photography for the Production commences on or after Oct 1, 2016, then the 28 % PSTC rate and the 16 % DAVE tax credit rate will apply. 
 
Digital Animation or Visual Effects-only Projects (this applies to Productions for which there is no live action filming in British Columbia, however, there is digital animation and/or visual effects spend in British Columbia). 
 
  • If principal photography for the Production has commenced (anywhere in the world) prior to October 1, 2016, then the 33 % PSTC rate and the 17.5 % DAVE tax credit rate will apply. 
[Note: In the case of a series, if the first episode has commenced filming prior to October 1, 2016, then the entire season will be grandfathered at the higher tax credit rates]. 
 
  • If principal photography for the Production commences (anywhere in the world) on or after Oct 1, 2016, then the 28 % PSTC rate and the 16 % DAVE tax credit rate will apply. 

The BC Ministry of Finance news release can be accessed by following this link: https://news.gov.bc.ca/releases/2016FIN0016-000699
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