Ontario Computer Animation & Special Effects
no fixed amount
Tax Credit
Description:
The OCASE Tax Credit is a refundable tax credit based on eligible Ontario labour expenditures incurred by a qualifying corporation during a taxation year with respect to eligible computer animation and special effects activities. The OCASE Tax Credit may be claimed on eligible expenditures in addition to the Ontario Film and Television Tax Credit (OFTTC) or the Ontario Production Services Tax Credit (OPSTC).
Comments on Funding:
The OCASE Tax Credit is calculated as 18% of the eligible Ontario labour expenditures incurred by a qualifying corporation with respect to eligible computer animation and special effects activities. There is no cap on eligible Ontario labour expenditures.
Rolling deadline
Eligibility:
Applicants must:
1. Be a qualifying corporation is a Canadian corporation that is Canadian or foreign-owned,
2. Has a permanent establishment in Ontario and files an Ontario corporate tax return. 3. Qualifying corporations may include animation or visual effects houses, post-production houses and film and television production companies which perform eligible computer animation and special effects activities.
Application Steps:
Applicants must:
1. apply to Ontario Creates (an agency of the Ontario Ministry of Tourism, Culture and Sport) for a certificate of eligibility,
2. submit the application via the Ontario Creates Online Application Portal (OAP) ,
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
About the author
Maurice
