This program is designed for businesses like yours in the film and television industry. It offers labour-based refundable corporate income tax credits to support live-action, VFX, and animated productions in British Columbia. This means you can get a significant portion of your labor costs back, which can be reinvested into your projects.

Why Apply?

• Financial Support: Receive substantial tax credits to offset production costs.
• Flexibility: Use the funds for various production needs, from hiring talent to post-production.
• Growth Opportunities: Expand your market reach and build stronger global partnerships.

Key Benefits

• Refundable Tax Credits: Unlike other financing options, these credits are refundable, meaning you get cash back.
• Ease of Qualification: The program is designed to be accessible, ensuring that eligible businesses can benefit without excessive hurdles.
• Strategic Investment: Gain access to new markets and develop your projects with the support of Creative BC.

Applying for this program can provide the financial boost your business needs to thrive and grow in the competitive film and television industry.

Type of Financing: Tax Credit

Repayment Terms and Interest Rates:

• This is a refundable corporate income tax credit, meaning it does not require repayment.
• There are no interest rates associated with this tax credit.

Eligible Expenses:

• Labour costs for film and television live-action, VFX, and animated productions.
• Expenses directly related to the production process within British Columbia.

Use of Funds:

• Funds can be used to cover labour expenses incurred during production.
• Cannot be used for non-labour expenses or costs not directly related to the production process.

Fees:

• There are no fees associated with applying for or receiving this tax credit.

This program offers labour-based refundable corporate income tax credits. It aims to support film and television productions, including live-action, VFX, and animated projects in British Columbia.

Your business can receive tax credits based on the labour costs involved in your production. This means you can get back a portion of the money you spend on hiring local talent and crew. The credits are refundable, which means if the credit amount is more than what you owe in taxes, you get the difference as a refund.

Benefits to your business:

• Reduce production costs by getting money back on labour expenses.
• Encourage local hiring, which can enhance your project's quality and community ties.
• Boost your budget with the refunded credits, allowing you to invest more in your production.

This program is designed to make your production more financially viable and help you build stronger connections within the local industry.