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35%
- The OFTTC is generally calculated as 35% of the eligible Ontario labour expenditures incurred by a qualifying production company with respect to an eligible Ontario production. An enhanced credit rate of 40% on the first $240,000 of qualifying labour expenditure is available for first-time producers.
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What is the Ontario Film & Video Production Tax Credit (ofttc)?
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The Ontario film and television tax credit is a refundable tax credit based on the qualifying labour expenditures incurred by a qualifying production company for eligible Ontario productions. The corporation must be Canadian controlled. Credit amount. Qualifying expenditures.
The OFTTC is a refundable tax credit based upon eligible Ontario labour expenditures incurred by a qualifying production company with respect to an eligible Ontario production. The OFTTC is generally “harmonized” with the Canadian Film or Video Production Tax Credit. How Much Is The Tax Credit?
1.01 What is the Ontario Film and Television Tax Credit (OFTTC)? The OFTTC is a refundable tax credit based upon eligible Ontario labour expenditures incurred by a qualifying production company with respect to an eligible Ontario production.
Ontario offers three tax credits for film and television: Ontario Production Services Tax Credit (OPSTC); Ontario Film and Television Tax Credit (OFTTC); and the Ontario Computer Animation and special Effects Tax Credit (OCASE). Ontario Film & Television Tax Credit (OFTTC)
Ontario offers three tax credits for film and television: Ontario Production Services Tax Credit (OPSTC); Ontario Film and Television Tax Credit (OFTTC); and the Ontario Computer Animation and special Effects Tax Credit (OCASE). Funding.
For help, please contact Tax Credits phone duty: 416-642-6659 or taxcredits@ontariocreates.ca. Ontario Film & Television Tax Credit (OFTTC) Note: This calculator does not cover the following scenarios: First-time productions. Interprovincial co-productions.
Ontario Book Publishing Tax Credit (OBPTC) Ontario Film & Television Tax Credit (OFTTC) Ontario Production Services Tax Credit (OPSTC) Ontario Computer Animation & Special Effects Tax Credit (OCASE) Ontario Interactive Digital Media Tax Credit (OIDMTC)
