Canadian Film and TV Tax Credits for Canadian Producers

Quick reference guide to CANADIAN FILM & TV TAX CREDITS & REBATES for Canadian producers = qualified labour expenditure = qualified production expenditure BASE RATE* RESTRICTIONS REQUIREMENTS EXTRAS • Maximums: Tax credit must not exceed 15% • Corporate: Canadian-controlled taxable • More Information: http://www.pch.gc.ca total production costs, Qualified labour must not exceed 60% of the total production budget corporation with a permanent establishment in Canada • Content: Minimum Canadian content 25% • Production Constraints: 75% of total labour production expenditure must be paid to Canadian citizens requirement. Must own copyright and worldwide exploitation rights for at least 25 years. Must be broadcast or distributed in Canada within two years of completion FEDERAL • Fees: 0.15% of eligible production cost for a Part A application or Part Bapplication, or 0.30% of the eligible cost of production for a combined application (minimum fee $200) • Maximums: $5 million per project cap • Corporate: Must be registered to do • More Information: http://film.alberta.ca business in AB • Minimums: Project spend must be greater than $50,0000 • Content: No content or copyright restrictions 25% • Production Constraints: A minimum of four Albertans must be employed in key • Funding: Must have a commercial license agreement with evidence of 70% confirmed financing for projects with budgets over $I millon and 50% for projects under $I million creative positions ALBERTA • Fees: No application fee • Type: Non-recoupable grant • Maximums: 21% of total production costs • Regional credit: 12.5% of pro-rated qualified BC labour if more than 50% of the BC principal photography days are outside the Vancouver area (maximum: 75% of total production cost) • Corporate: Must have a permanent establishment in BC • Production constraints: 75% minimum BC principal photography days. 75% BC cost restrictions. 75% BC post-production cost restrictions • Content: Must own more than 50% of the copyright for at least 25 years 35% • Broadcast: Must have an agreement with a broadcaster or distributor for BRITISH COLUMBIA • Distant location credit: 6% of pro-rated qualified BC labour for principal photography in a prescribed area if eligible for the regional credit • Fees: $5.500 per production exhibition in Canada within two years of completion • Type: Refundable tax credit • More information: http://www.creativebc.com • Corporate: Must have permanent • Regional credit: 5% of eligible Manitoba labour if at least 50% of principal photography shot outside Winnipeg • Maximums: None establishment in MB 45% • Production constraints: Minimum 25% of salaries and wages must be paid to MB residents for work performed in MB • Content: No content or copyright • Frequent filming bonus: 10% of eligible Manitoba labour on third film produced restrictions • Fees: None within two vears OR • Type: Refundable tax credit • Producer bonus: 5% of eligible Manitoba MANITOBA labour if a Manitoba resident is credited 30% as a producer • More information: http://mbfilmmusic.ca • Maximums: 60% of the total production • Corporate: Must have permanent · Eigible genres: 5% of eligible New Brunswick expenditures for projects in eligible genres budget must be spent in New Brunswick establishment in NB • Production constraints: Minimum of 25% • Content: No content or copyright • More information: http://www.nbfilm.ca/ of labour must be NB residents restrictions NEW BRUNSWICK 25% • Fees: None • Type: Refundable ax credit • Corporate: Must have permanent establishment in NFL • More information: http://www.nlfdc.ca/ • Maximums: Calculated as the lesser of 40% of qualified NFL labour or 25% of total production costs. Maximum cap is $4 million per project • Content: No content or copyright restrictions NEWFOUNDLAND (40% & LABRADOR • Production constraints: Minimum of 25% of wages and salaries must be paid to residents of NFL • Fees: None • Type: Refundable tax credit • Maximums: Tax credit is calculated as the lesser of 50% of qualified NS labour or 25% of total production expenditure • Corporate: Must have permanent establishment in NS • Regional credit: 10% of eligible Nova Scotia labour if principal photography is outside metro Halifax • Content: No content or copyright • Production constraints: Minimum of 25% of total wages and salaries must be paid to residents of Nova Scotia • Frequent filming bonus: 5% of eligible Nova Scotia labour on third film produced restrictions 50% NOVA SCOTIA within two years • Fees: 0.2% of eligible Nova Scotia labour (minimum $200, maximum $2,000 per application) • More information: http://film.ns.ca/ • Type: Refundable tax credit • Corporate: Must be a Canadian taxable corporation with equal or minority ownership by Nunavut residents • More information: http://www.nunavutfilm.ca • Maximums: $415,000/year • Minimums: $25,000 spend 17% • Production constraints: Minimum $25,000 expenditures must be incurred in • Content: No content restrictions, Must own 100% of the copyright or first option to adapt Nunavut. Nunavut residents must hold at least 2 of 8 key creative positions • Broadcast: Must show evidence of an NUNAVUT • Fees: None agreement with a Canadian broadcaster or distributor • Type: Incentive program • Regional credit: 10% of qualified Ontario labour if at least 85% of principal photography shot outside the Greater Toronto Area • Maximums: None • Corporate: Must have permanent establishment in 0N • Production constraints: 75% Ontario cost restrictions. 85% of days of principal photography or animation and 95% of • Content: Minimum Canadian content 35% requirement. Must be copyright owner for 25 years. • Enhancement for first-time producers: 5% of the first $240,000 of qualified Ontario labour post-production costs must be in ON • Fees: Greater of 0.06% of production costs • Broadcast: Must have broadcaster license or distribution agreement to be shown within 2 years of completed between the hours of 7 pm and 11 pm and $100 (maximum $5,000) ONTARIO • More information: http://www.omdc.on.ca/ • Type: Refundable tax credit • More information: http://www.qftc.ca • Maximums: None • Corporate: Must have permanent establishment in OC • Fees: $4 per $1,000 of production costs for the first $1.5 million plus $3 per $1,000 for expenditure exceeding $1.5 million. Minimum fee is $250; maximum is $25,000 • Content: No content or copyright 20% restrictions • Type: Refundable tax credit QUEBEC • Maximums: None • Corporate: No restrictions • Travel Rebates: 50% of travel costs for eligible production companies for flights from Vancouver, Edmoanton or Calgary to Whitehorse • Production constraints: Minimum 50% • Content: No content or copyright requirements Yukon labour. Rebate applies to Yukon below-the-line expenses only 25% • Broadcaster: Must have either a • More information: http://www.reelyukon.com • Fees: No application fee broadcast or distribution arrangement with an internationally recognized YUKON • Type: Rebate entity Sources: Canadian Heritage, Film Alberta, Creative BC, Manitoba Film and Music, New Brunswick Film, Newfoundland & Labrador Film and Development Corporation, Ontario Media Development Corporate, SODEC & Reel Yukon © 2014 Designed by Paul J. Taylor