Film Incentive BC Tax Credit
BC, Canada
Tax credit for BC film, television, animation and visual effects production
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Tax Credits
grant_single|eligibleIndustries
- Information and cultural industries
grant_single|grantors
- Creative BC
grant_single|status
grant_card_status|open
grant_single_labels|preview
Canadian-controlled production companies can get a tax credit, starting at 35%, for labour costs incurred in British Columbia during film, television, digital animation and visual effects production.
grant_single_labels|projects
grant_single|admissibleProjectsExample
$420,000
Vancouver
Developing a digital animation series for children, focused on educational content
$630,000
Kelowna
Creating a virtual reality (VR) experience to explore Canadian history
$770,000
Richmond
Creating a video game based on Canadian mythology and folklore
$525,000
Surrey
Producing a documentary series on the sustainable practices of local Canadian farmers
$700,000
Burnaby
Developing a television series about the diverse culinary traditions in Canada
$875,000
Victoria
Producing a feature film highlighting the cultural heritage of Indigenous communities
grant_single_labels|admissibility
grant_eligibility_criteria|who_can_apply
There are eligible types of companies for this grant. Companies in the film and video production industry are eligible for the grant.
- Film production companies
- Video production companies
grant_eligibility_criteria|who_cannot_apply
There are specific types of companies that are not eligible for this grant. Animated Productions are no longer eligible for Regional and Distant Location Tax Credits.
- Animated Productions
grant_eligibility_criteria|eligible_expenses
There are eligible expenses for this grant.
- Qualified BC labour expenditure (QBCLE)
- Canadian Content Points
- Producer Control
grant_eligibility_criteria|zone
Animated production companies are no longer eligible for this grant.
- Animated production companies
grant_single_labels|criteria
There are evaluation and selection criteria for this grant:
- Evaluation is based on the project's alignment with program objectives, financial viability, market potential, and innovation.
- Selection criteria include the project's economic impact, job creation, technical feasibility, and potential for long-term success.
grant_single_labels|register
- Step 1: Check the eligibility criteria for the grant
- Ensure that the project falls within the scope of the grant
- Verify if your company meets all the required criteria
- Step 2: Gather all necessary documentation
- Collect all relevant financial records and project details
- Prepare a detailed project proposal
- Step 3: Submit the grant application
- Complete the application form accurately
- Include all required documents and information
- Step 4: Wait for the application review
- Allow the grant review board to assess your application
- Be prepared for possible follow-up questions or requests for clarification
- Step 5: Receive funding decision
- Once the review process is complete, you will be informed of the funding decision
- If approved, follow any specific instructions for funding disbursement
Apply to this program
Grant Summary: Amendment to Regional and Distant Location Tax Credits
Details of the Grant
With the Budget Measures Implementation Act 2024 receiving royal assent on April 25, 2024, an amendment to the Regional and Distant Location Tax Credits for Film Incentive BC (FIBC) has been implemented. Animated productions are no longer eligible for these tax credits, affecting PSTC and FIBC applicants. This change impacts the processing time for tax credit applications within the service standard.
The amendment to the B.C. Income Tax Act proposed in the B.C. Budget excludes animated productions from Regional and Distant Location Tax Credits, emphasizing the importance of understanding the eligibility criteria for tax credits in the film industry. This modification underscores the need for producers and applicants to stay informed about the evolving regulations surrounding tax credit applications and eligibility requirements in British Columbia.