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CANADIAN FILM OR VIDEO PRODUCTION TAX CREDIT (“CPTC”)The CPTC is a fully refundable tax credit for films and videos produced and owned by Canadiancorporations. Under the CPTC program, the Canadian Audio-Visual Certification Office(“CAVCO”) performs two distinct functions:1. Canadian content certification, and2. Estimation of the eligible expenses of production.In order for a production to qualify as Canadian content for tax credit purposes through CAVCO,the production must meet specific criteria for key creative personnel and production costs, whichare outlined in their guidelines. The CPTC is available at a rate of 25% of eligible salaries andwages. Eligible salaries and wages qualifying for the tax credit may not exceed 60% of the costof the production, net of assistance, as certified by the Minister of Canadian Heritage.Therefore, the tax credit could provide a refund of up to 15% of the cost of production, net ofassistance.For further information, visit http://www.cra-arc.gc.ca/tx/nnrsdnts/flm/ftc-cip/menu-eng.html .Business Incentives 181