Canadian Film or Video Production Tax Credit (CPTC)

By mmuise
Description:

The Canadian Film or Video Production Services Tax Credit (CPTC) is designed to encourage the creation of Canadian film and television programming and the development of an active domestic independent production sector.


Comments on Funding:

Funding is 25% of the qualified Canadian labor expenditures incurred in respect of an accredited production.

Deadline: Continuous Intake
Eligibility:

The applicant:

  • must be a prescribed taxable Canadian corporation that is:
    a) Canadian-controlled, based on sections 26 to 28 of the Investment Canada Act;
    b) not controlled directly or indirectly in any manner by one or more persons, all or part of whose taxable income is exempt from tax under Part I of the Income Tax Act (for example, tax-exempt non-profit corporations, charitable organizations, etc.); and
    c) not a prescribed labour-sponsored venture capital corporation, as defined in section 6701 of the Regulations.
  • activities consist primarily of carrying on a Canadian film or video production business, through a permanent establishment in Canada.
  • The production must be a treaty coproduction or other film or video production that meets the requirements of the Income Tax Regulations.
Application Steps:

The applicant must:

1. create a CAVCO Online account;

2. complete the online application form, and

3. Submit the necessary documentation;

4. Mail the following to CAVCO:

a) the printed and signed attestation form

b) a cheque for the application fee (check Source 3 for fees), made out to the Receiver General for Canada.

Documentation Needed:

Applicant must submit:
1. support material including samples of recent activities or programming;
2. letters of support demonstrating community involvement, if applicable;
3. detailed job descriptions of key creative/administrative positions;
4. a translation of application into French or English (must be submitted by the Translation deadline date) unless they request that the Canada Council provides them the translation;
5. for book publishers:
a) a representative sample of up to 5 books published during the last 2 years;
b) a list of upcoming titles, writers and genres; and
c) a sample contract with writers.
6. for magazine publishers:
a) for print magazines – 7 copies of 4 different magazine issues published during the last 2 years;
b) for electronic magazines – 4 magazine issues published during the last 2 years, by weblink (hyperlink) or PDF;
c) a list of upcoming themes and writers, if known;
d) a fee schedule for writers; and
e) a sample contract with writers.

Other Things to Note:

Date modified: 2023-09-11

About the author
mmuise