Film and Television Tax Credit
No fixed amount
Tax Credit
Description:
The Film and Television Tax Credit is for eligible corporations that produce eligible film or video productions in British Columbia. The credits are for domestic productions with qualifying levels of Canadian content.
This tax credit program consists of six tax credits:
– Basic tax credit,
– Regional tax credit,
– Distant location regional tax credit,
– Film training tax credit,
– Digital animation, visual effects and post-production (DAVE) tax credit,
– Scriptwriting tax credit.
Comments on Funding:
Continuous Intake
Eligibility:
Applicants must be eligible corporations that produce eligible film or video productions in British Columbia (B.C.). The credits are for domestic productions with qualifying levels of Canadian content.
Application Steps:
Applicants can claim the credit(s) by:
1. completing the British Columbia Film and Television Tax Credit form (T1196)
2. attaching the certificate you received for your production from Creative BC. This is either the:
a) Eligibility certificate (if production is not yet complete), or
b) Completion certificate (if production was completed in the tax year);
c) Submitting the T1196 and certificate with their T2 Corporation Income Tax Return to the Canada Revenue Agency (CRA).
Documentation Needed:
Applicants must provide the completed British Columbia Film and Television Tax Credit form (T1196), and its supporting documents.
Other Things to Note:
About the author
Maurice
