Canadian Film or Video Production Tax Credit
At a glance
- No Condition
- Open Date : November 14, 2019
- Information and cultural industries
- Arts, entertainment and recreation
- Canada Revenue Agency
- Government of Canada
Overview
Eligibility criteria
The Canadian film or video production tax credit (CPTC) is available to corporations engaged in Canadian film and video production. To be eligible, the production must meet certain criteria:
- Qualified production costs must incur in Canada
- The production must be Canadian-controlled
- At least 75% of the production's total costs must be attributable to Canadian labour
- The production must be certified as a Canadian film or video production by the Canadian Audio-Visual Certification Office
Who is eligible
Eligible companies for the Canadian film or video production tax credit include corporations engaged in the production of Canadian film or video content that meet the program criteria.
- Corporations producing Canadian film or video content
- Companies meeting the program criteria
Who is not eligible
Some types of companies are not eligible for the Canadian film or video production tax credit (CPTC). Specifically, companies that do not meet the criteria set out by the Canada Revenue Agency and the Department of Canadian Heritage may not qualify for the tax credit.
- Companies that do not meet the eligibility requirements outlined by the Canadian Audio-Visual Certification Office
- Companies that do not have qualified Canadian programming or production in Canada
- Companies that exceed the allowable limits on qualified labour expenditures
Eligible expenses
The Canadian film or video production tax credit (CPTC) allows for eligible expenses such as qualified labour expenditures that are up to 60% of production costs (net of assistance). Some eligible expenses may include:
- Labor costs for Canadian residents or permanent residents
- Eligible production costs incurred in Canada
- Post-production costs completed in Canada
- Costs related to green screen filming in Canada
Eligible projects & activities
There are eligible projects for the Canadian film or video production tax credit (CPTC). The tax credit encourages production in Canada and Canadian programming. Eligible projects include:
- Canadian film productions
- Canadian video productions
- Projects with qualified labour expenditures not exceeding 60% of production costs
Evaluation & selection criteria
There are evaluation and selection criteria for this grant. The eligibility criteria include:
- Production must be considered Canadian according to the Canadian Audio-Visual Certification Office
- Minimum Canadian content requirements must be met
- Production costs must meet certain thresholds
- Completion and delivery deadlines must be adhered to
How to apply
- Step 1: Review eligibility criteria
- Content: Check if your corporation meets the eligibility requirements for the Canadian film or video production tax credit.
- Implications: Understanding the eligibility criteria will help determine if your production qualifies for the tax credit.
- Step 2: Prepare documentation
- Content: Gather all necessary documentation related to your production, including financial records and proof of Canadian content.
- Implications: Having the required paperwork ready will streamline the application process.
- Step 3: Complete application forms
- Content: Fill out the application forms provided by the Canadian Audio-Visual Certification Office accurately and completely.
- Implications: Incomplete or incorrect forms may delay the processing of your tax credit application.
- Step 4: Submit application
- Content: Submit your completed application forms and supporting documents to the appropriate government agency.
- Implications: Timely submission is essential to ensure that your application is reviewed promptly.
- Step 5: Await processing
- Content: Wait for the Canadian Audio-Visual Certification Office to process your application and determine your eligibility for the tax credit.
- Implications: The processing time may vary, so patience may be required during this stage.
