This program is designed for businesses like yours in the film and television industry. It offers labour-based refundable tax credits to help reduce your production costs. By applying, you can receive a significant percentage back on your eligible BC labour expenses, which can be a substantial financial boost.

Key Benefits:

• Basic Tax Credit: 35% of eligible labour costs
• Regional Tax Credit: 12.5% for productions outside the Vancouver area
• Distant Location Tax Credit: 6% for productions in more remote areas
• DAVE Tax Credit: 16% for digital animation, visual effects, and post-production
• Film Training Tax Credit: 30% to support training initiatives
• Scriptwriting Tax Credit: 35% for scriptwriting expenses

Why Apply?

• Financial Relief: These tax credits can significantly lower your production costs.
• Flexibility: The program covers various aspects of production, from labour to training and scriptwriting.
• Ease of Access: The application process is straightforward, and Creative BC provides support to help you through it.

By being approved, you can reinvest the savings into your business, allowing you to expand, innovate, and create more high-quality content. This program is an excellent opportunity to enhance your production capabilities while managing your budget effectively.

Type of Financing: Tax Credit

Repayment Terms and Interest Rates:

• This is a refundable tax credit, meaning it reduces the tax payable and any remaining balance is paid to the corporation.
• No repayment terms or interest rates apply as it is not a loan.

Eligible Expenses:

• Labour costs incurred while making a production.
• Specific initiatives include:
  • Basic FIBC: 35% of eligible BC labour costs.
  • Regional Tax Credit: 12.5% for productions outside the designated Vancouver area.
  • Distant Location Tax Credit: 6% for productions in more remote areas.
  • DAVE Tax Credit: 16% for Digital Animation, Visual Effects, and Post-Production.
  • Film Training Tax Credit: 30% for training BC residents.
  • Scriptwriting Tax Credit: 35% for scriptwriting expenses.

Ineligible Expenses:

• Non-labour related costs.
• Expenses not directly related to the production process.
• Costs incurred outside of British Columbia.

Fees:

• No direct fees associated with applying for the tax credit.
• Processing time may require up to 4 months; early application is recommended to avoid delays.

This program offers your business refundable tax credits based on the labor costs of producing films, TV shows, digital animations, and visual effects in British Columbia.

Here's what you can get:

• Basic Tax Credit: 35% of eligible labor costs.
• Regional Tax Credit: 12.5% for productions outside the Vancouver area.
• Distant Location Tax Credit: 6% for productions in more remote areas.
• DAVE Tax Credit: 16% for digital animation, visual effects, and post-production work.
• Film Training Tax Credit: 30% to support training initiatives.
• Scriptwriting Tax Credit: 35% for scriptwriting expenses.

These credits are designed to reduce your tax payable, and any remaining balance will be refunded to your corporation. This means more money in your pocket to reinvest in your projects.

Why this matters to your business:

• Significant Savings: Reduce your production costs with substantial tax credits.
• Encourages Growth: Use the savings to expand your projects and reach new markets.
• Supports Training: Invest in your team's skills with the Film Training Tax Credit.

This program is a valuable opportunity to lower your production costs and reinvest in your business, helping you grow and succeed in the competitive film and TV industry.