Prince Edward Island Film Production Fund
The Prince Edward Island Film Production Fund (“Fund”) supports the development and growth of the private-sector film and television industry in Prince Edward Island. The Fund provides a financial incentive to make Prince Edward Island a competitive location for productions and encourages the development, training and hiring of Prince Edward Island film personnel.
Offered by Innovation PEI
Amount
Base rebate of 32% of eligible costs for work completed in Prince Edward Island, plus a 1 percentage point PEI Production Bonus and a 2 percentage point Series Production Bonus
Quick eligibility check
Who can apply
There are no content requirements, other than for productions for which a Film or Video Production Certificate from CAVCO will be sought.
Applications will be accepted from companies that:
- have as their principal business the production of film and television
- demonstrate that their main activity is the creation of productions available for public viewing
- are incorporated in Canada, either federally or provincially
- applicants, shareholders and related companies must be in good standing with IPEI (must not have overdue
reporting) and the Province of PEI (does not appear in the Central Default Registry)
- Applicants in arrears with any PEI government department or crown corporation will be disqualified.
Page 1|7 The PEI Film Production Fund may be used for co-productions. For treaty co-productions, the Fund is applicable to the Canadian only portions as per the guidelines set out in Canada’s existing treaty co-production agreements.
Production Eligibility
Productions must be new productions; repackaging or re-versioning of previously completed productions will not be accepted.
The amount of money spent in PEI for the production must be at least $25,000 before HST.
IPEI expects all projects to be finished and made available for audiences. To be eligible for the Fund, the producer must provide written evidence of a Commercial License Agreement for the production.
A Commercial License Agreement is defined as an agreement issued by a third-party entity whose primary business is broadcasting, distributing, or disseminating film or television to the public, and who is able to demonstrate a track record of such enterprise. A commercial license agreement may or may not include a license fee.
Projects that are eligible and approved for other forms of financial assistance from any other department or agency of the PEI Provincial Government may not be eligible for the Fund. The total value of PEI Provincial Government financial support will be considered, and IPEI retains sole discretion to deem a project ineligible.
Applicants who are in default on any financial or reporting obligation to IPEI or any PEI Government department or agency, may not submit new projects pending a resolution of the problem.
Financing and Related Requirements The production company must provide a financing structure and budget in industry-standard format, and demonstrate that the production is fully financed.
The applicant production company must demonstrate to the satisfaction of IPEI that all necessary insurance and performance bonds (where required) are in place to protect any investment in the project.
About the funding
The Fund provides a base rebate of 32% of eligible costs for work completed in Prince Edward Island.
An increase to the rate is available through the following bonuses:
PEI Production Bonus:
1 percentage point for productions by PEI producers, or co-productions where the PEI producer has at least 25% control;
Show all funding details
Series Production Bonus: 2 percentage points for series productions
If Innovation PEI (“IPEI”) approves funding for the production, it will issue a Fund Letter of Offer (contract) detailing the terms, conditions, obligations, and requirements for payment to be issued.
Once IPEI has determined that all required documentation has been received, and validated the final value of the rebate available from the Fund, it will issue payment to the production company via cheque or EFT.
Supported activities are those accepted as industry standard activities within the pre-production, production and post-production stages; development activities are not supported activities.
Examples of qualifying productions are television, cinema, or streaming productions where the subject is drama, variety, animated or informational series, or documentary (not exhaustive).
Eligible PEI Costs Eligible costs must result from work performed in PEI.
Eligible costs include all expenditures where the good or service is purchased from a PEI–based supplier with a permanent physical establishment within PEI, and is leased, used, provided, or consumed in PEI.
Wages paid to PEI residents are eligible. Each PEI resident employed on the production must complete and sign a PEI Film Production Fund Statutory Declaration, included as Schedule IV of the PEI Film Production Fund letter of offer (available electronically on request).
A Deeming Provision is provided within the Fund. Where a qualified PEI resident is not available to fill a technical position, the salary of a qualifying non-resident may be deemed eligible provided the production company fulfills all related requirements. Deemed salaries will be capped at 30% of total eligible PEI resident wages. Further details are provided in the next section, Deemed Labour Allowance.
A list of eligible expense items will be available on the Eligible PEI Costs Worksheet. If an applicant has expenses not explicitly identified as eligible on the worksheet, they should apply to the IPEI for an advanced ruling. Only those expenses identified in the list of eligible expense items, or that have been approved in an advanced ruling, will be considered in funding calculations. Insurance costs will be prorated to the number of PEI production days.
Except when approved in advance, producers may claim no more than one Head of Department/Performer position in addition to being a producer. In these approved instances, total fees eligible for inclusion as an eligible PEI cost for Head of Department/Performer services payable to producers also employed in Head of Department positions will be no greater than applicable industry standard or 20 per cent of the budget, whichever is lower.
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| Equity Investors Incentive | Rebate | Non-repayable direct rebate to investors of up to 20 percent of the purchase price of the equity investment | Open |
