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Feb 27, 2024 · Film Incentive BC (FIBC) is a refundable labour based incentive for Canadian productions. When filing tax returns, your corporation may claim a specified percentage of the labour costs incurred while making a production. The credits are applied to reduce tax payable, and any remaining balance is paid to the corporation.
Apr 30, 2024 · Film Incentive BC . Apply online. Supporting B.C. creators, entrepreneurs and companies with strategic investment to develop their projects, gain access to new markets, and build stronger global partnerships. Discover all funding programs. All Creative Industries . Domestic Industry Initiatives. International Industry Initiatives .
Apr 24, 2024 · The B.C. government offers two basic tax credits to the TV/film industry: Film Incentive B.C. is a 35 per cent tax credit for Canadian-content productions, and the production...
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Reel Green™. Film Commission. Funding. Tax Credits. Sector. About. Select Page. Motion Picture Tax Credits are labour-based refundable corporate Income tax credits designed to encourage film and television live-action, VFX, and animated productions in British Columbia. Overview. Production Services Tax Credit. Apply online. Film Incentive BC .
- Funding Snapshot
- Funding Details
- Eligible Expenditures
- Eligibility Requirements
Refundable tax creditFocused on supporting BC’s film, animation and visual effects industryAccepts applications each taxation yearThe FIBC tax credit provides eligible production corporations with a tax credit on six initiatives: Basic (35%), Regional (12.5%), Distant Location Regional (6%), Training (30%), Digital Animation, Visual Effects and Post-Production (DAVE) (16%), and Scriptwriting (35%). Regional, Distant Location Regional, Training, DAVE and Scriptwriting must be ...
Companies can receive a refundable corporate income tax credit for labour expenditures paid to BC-based individuals.
The following conditions must be met in order to qualify for the FIBC: 1. The production corporation claiming the credit must be a BC-based Canadian-controlled corporation 2. The producer of a production must be a BC-based individual who is Canadian 3. The production must be Canadian content 4. The production corporation must own more than 50% of t...
Oct 12, 2017 · Film Incentive BC: are you eligible? Date. 12.10.17. Because BC – and specially Vancouver – is the scenario for several filming productions, the province developed FIBC (Film Incentive BC), with the purpose to promote film, television, digital animation and visual effects production in British Columbia.
FILM INCENTIVE B.C. A refundable labour-based tax incentive for Canadian productions. May also be applicable to treaty co-productions. Basic 35% Regional 12.5% Distant Location 6% Training 30% Digital Animation, Visual Effects and Post-Production (DAVE) 16% Scriptwriting Tax Credit 35% FIBC PRODUCTION SERVICES TAX CREDIT
