Manitoba Film and Video Production Tax Credit
No fixed amount
Tax Credit
Description:
A refundable tax credit for film and video productions is available, based on eligible salaries paid to Manitoba residents and qualifying non-resident employees for work performed on an eligible film or video produced in Manitoba. The basic rate of the credit has been 45%.
Comments on Funding:
A corporation that produces three eligible films in two years earns an additional 10% frequent-filming bonus on eligible salaries paid with respect to the third qualifying production.
A 5% Manitoba producer bonus applies based on eligible salaries where a Manitoba resident receives credit as a producer on an eligible film.
A 5% rural and northern bonus applies on eligible salaries paid for work performed in Manitoba on productions where a permanent establishment of the applicant corporation is located, and 50% of principal photography days took place, at least 35km from Winnipeg.
With the frequent-filming bonus, producer bonus and rural and northern bonus, a film that meets all program criteria may now earn a maximum 65% credit on eligible salaries.
Production companies are able to elect to claim either the film tax credit based on eligible labour costs (described above), or a 30% tax credit based on production costs incurred and paid, for labour, goods, and services provided in Manitoba that are directly attributable to the production of an eligible film. Such production costs can also include accommodation costs incurred and paid up to $250 per night per unit, as eligible tangible property expenditures.
Rolling deadline
Eligibility:
Applicants must:
1. be a taxable Canadian corporation, incorporated under the laws of Canada or a province of Canada;
2. A producer who worked on an eligible film or video produced in Manitoba.
3. be producing an eligible film in the course of a film or video production business that is its primary business; and
4. Production companies are able to elect to claim either the film tax credit based on eligible labour costs (described above), or a 30% tax credit based on production costs incurred and paid, for labour, goods, and services provided in Manitoba that are directly attributable to the production of an eligible film.
Application Steps:
For more information on the Film and Video Production Tax Credit contact:
Manitoba Film & Music
#410 – 93 Lombard Avenue
Winnipeg MB R3B 3B1
Telephone: (204) 947-2040
Fax: (204) 956-5261
Email: info@mbfilmmusic.ca
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
About the author
Maurice
