Film Industry Tax Credit
The Film Industry Tax Credit is a refundable tax credit for costs directly related to the production of films in Nova Scotia.
Offered by Department of Finance and Treasury Board
Amount
50 percent of the company's Eligible Salaries, plus an additional 10 percent bonus for films shot inside the Eligible Geographic Area (EGA) and an additional 5% for production companies who have made three films in a two year period (Total Potential Tax Credit 65% of Eligible Salaries)
Quick eligibility check
Who can apply
Eligibility for the Nova Scotia Film Industry Tax CreditTo be eligible for this credit, a corporate must satisfy all of the following requirements.
Be a taxable Canadian corporation.
Must primarily be a film or video production business.
Must have a “permanent establishment” in Nova Scotia.
At least 25% of salaries must be paid to Nova Scotians.
To be eligible for this credit, the film must be:
Intended for a television, cinema, videotape or non-theatrical production and the subject matter of the film is drama, variety, performing arts, an animated or informational series, a documentary or music programming.
About the funding
The Film Industry Tax Credit is a refundable tax credit for costs directly related to the production of films in Nova Scotia.
For production which started principal photography after November 30, 2010 the tax credit amount consists of:
50 percent of the company’s Eligible Salaries
additional 10 percent bonus for films shot inside the Eligible Geographic Area (EGA)
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additional 5% for production companies who have made three films in a two year period
Film Industry Tax Credit Rates as of November 30, 2010
Base Tax Credit Rates | EGA Bonus | Frequent Filmer Credit | Total Potential Tax Credit
Eligible Salaries | 50% | 10% | 5% | 65%
For productions which started principal photography after September 30, 2007 and before December 1, 2010 the Film Industry Tax Credit Rate is calculated as the lesser of (A) and (B) according to the table below.
Film Industry Tax Credit Rates Sept 1, 2007-Dec 1, 2010
Base Tax Credit Rates | EGA Bonus | Frequent Filmer Credit | Total Potential Tax Credit
Eligible Salaries | 50% | 10% | 5% | (A) 65%
Total Production Costs | 25% | 5% | 5% of Eligible Salaries | (B) 30% of Total Production Costs plus 5% of Eligible Salaries
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| Canadian Film or Video Production Tax Credit (CPTC) | Tax Credit | Fully refundable tax credit at 25% of the qualified labour expenditure (labour capped at 60% of total production cost net of assistance), so a maximum of 15% of the total cost of production net of assistance, per production | Open |
| Film or Video Production Services Tax Credit | Tax Credit | Refundable tax credit of 16% of the qualified Canadian labour expenditure incurred for the accredited production | Open |
| Digital Animation Tax Credit (DATC) | Tax Credit | The lesser of 50% of the eligible Nova Scotia labour expenditure less the value of any assistance received, or 25% of eligible Nova Scotia labour expenditure plus eligible overhead expenditure (calculated as 65% of the eligible Nova Scotia labour expenditure) plus 65% of eligible remuneration less twice the value of any assistance | Open |
| Digital Media Tax Credit (DMTC) | Tax Credit | Refundable tax credit equal to the lesser of 50% of qualifying expenditures or 25% of total expenditures, plus a 10% (qualifying) / 5% (total) geographic bonus outside Halifax Regional Municipality (up to 60% / 30%) | Open |
