Tax Benefits
Tax Benefits
I am fortunate to live on the West Coast of Canada. Being a resident of British Columbia also allows me access to our province’s tax incentives associated to motion picture, television and post production services that are undertaken in British Columbia.
Working together can be cost effective, due to British Columbia’s stable and predictable tax incentives. The B.C. Production Services Tax Credit offers 28% on eligible labour costs, plus a further 16% on Digital Animation and Visual Effects, which includes the Pre and Post-Production work that my services are a part of.
DIGITAL ANIMATION, VISUAL EFFECTS AND POST-PRODUCTION (DAVE) is designed to provide an incentive to production companies employing BC based talent to create digital animation and visual effects in BC. Effective March 1, 2015 the DAVE tax credit will also apply to post-production activities. It must be claimed as part of either an FIBC application or a PSTC application.
FILM INCENTIVE BC (FIBC) is a labour based tax incentive that provides refundable tax credits to Canadian controlled production companies based on eligible BC labour costs.
PRODUCTION SERVICES TAX CREDIT (PSTC) is a labour based tax incentive that provides refundable tax credits to Canadian or international film and television production corporations that have incurred eligible labour costs in British Columbia.