The Economic Impact of the UK Film Industry - BFI - British Film ...

NAME OF
SCHEME
CANADA FEDERAL Canadian
Production Tax
Credit (CPTC)
and Production
Services Tax
Credit (PSTC).
ALBERTA Alberta Film
Development
Program (AFDP).
BRITISH
COLUMBIA
Film Incentive BC
(FIBC);
Production
Services Tax
Credit (PSTC).
Economic Contribution of the UK Film Industry
TYPE OF TAX
SYSTEM
WHAT IT
SUPPORTS
July 2007
HOW DOES IT WORK?
Tax Credit. Production only. Production establishes Canadian
corporation; budget to Canadian
Audio Visual Certification Office
(CAVCO) and Canada Revenue
Agency (CRA). CAVCO issues
certificate for estimate of the tax
credit. On delivery, entity submits
certificate with its tax return.
CPTC: 25% of qualified labour
expenditures up to 15% of the
cost for Canadian productions
and co-productions; PSTC: aimed
at all prods, 16% of salaries paid
to Canadian residents, no limit on
amount claimed.
Tax rebate. Production only. Rebate of up to 23% up to a
maximum payment of $1.3m
(C$1.5m). The grant, paid on
completion, is based on the
degree of local participation. A
majority (51%) Alberta ownership
is eligible for 21% rebate on
Alberta expenditures, with
bonuses up to 23% for each
Albertan in a key creative
position. Co-productions eligible
for 19% and foreign productions
for 14%, with bonuses to 21%
and 16% for locals. Minimum
spend $22,000 (C$25,000).
Tax credits. Production only. Film incentive available to
qualifying Canadian productions
and co-productions, offers 30%
credit on qualified BC labour
expenditures; PSTC, aimed at all
productions, regardless of
nationality, offers 18%. BC
producer or company submits
budget to BC Film, which
administers credits. BC Film
issues a certificate of eligibility.
On delivery of the completed film,
the incorporated entity submits
certificate with its tax return.
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