Film and Television Tax Credit (FTTC)

By mmuise
Description:

The Film and Television Tax Credit (FTTC) offers a refundable Alberta tax credit certificate on eligible Alberta production and labour costs to corporations that produce films, television series and other eligible screen-based productions in the province.
Eligible companies may apply for either a 22% or 30% tax credit rate.


Comments on Funding:

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Deadline: Currently accepting applications
Eligibility:

Applicants must:

  • be corporations that produce films, television series and other eligible screen-based productions in the province of Alberta;
  • have film and television productions applying for 30% tax credits that meet the following criteria:
    a) be owned (at least 50%) by Alberta-based shareholders; this includes proportionate financial control and proportionate profit participation;
    b) have at least one Alberta-based producer with a single card credit recognition;
    c) have the production’s copyright held, at least in part, by an Alberta-based individual partnership or corporation at the time of application and for a minimum of 10 years following the completion of production;
    d) spend at least 60% of the total production costs in Alberta or spend at least 70% of the total production salary or wages on Alberta-based individuals;

    e) Applications that do not meet the above criteria may be eligible for a 22% tax credit certificate provided they meet the eligibility criteria for corporations and for productions;
    f) International treaty co-productions may be eligible for a 30% tax credit certificate if they:
    i. have at least one Alberta-based producer with a single card credit recognition
    ii. spend at least 60% of the total production costs in Alberta or spend at least 70% of the total production salary or wages on Alberta-based individuals
  • be corporations that:
    a) are primarily engaged in film, television or digital media production;
    b) are incorporated in Alberta under the Business Corporations Act, registered as an extra-provincial company in Alberta or continued as an Alberta company through a Certificate of Continuance;
    c) are not exempted from paying taxes under the Alberta Corporate Tax Act (or be controlled by a corporation that is);
    d) are making an eligible production with total production costs of $499,999 CAD (before GST) or greater;
    e) have not received funding from the Alberta Production Grant or the Alberta Screen-Based Production Grant.
  • have new productions. Repackaging of previously completed productions is not permitted under the program and will be deemed ineligible.
Application Steps:

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Documentation Needed:

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Other Things to Note:

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About the author
mmuise