The document summarizes tax credits available for film and visual effects productions in British Columbia, including:
1) The Production Services Tax Credit (PSTC) provides refundable tax credits up to 33% of BC labour expenditures for eligible productions.
2) The Digital Animation or Visual Effects (DAVE) tax credit provides an additional 17.5% credit for visual effects work done in BC.
3) Productions filmed outside of BC can still qualify for partial tax credits if they contract with a BC visual effects house.
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Film Production and Visual Effects in British Columbia 2010
1. Film Production and Visual Effects in British Columbia 2010 Gordon W. Esau, Fraser Milner Casgrain LLP Robert Wong, British Columbia Film Juliet D.W. Smith, Fraser Milner Casgrain LLP Presented by:
2. BC Film and Television Tax Credits Robert Wong Vice President, Tax Credits & Development British Columbia Film Presented by:
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18. Structuring for Visual Effects Work in BC Gordon W. Esau, Partner, Fraser Milner Casgrain LLP Presented by:
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20. Most Common Structures when Contracting for VFX Work U.S Canada Structure 1 Copyright Owner Canadian VFX House Canadian Production Company Structure 2 Copyright Owner Subcontractors Canadian VFX House
Regional tax credit – to support productions that are filming outside of the Greater Vancouver area
Compare to Ontario & Quebec – not a separate tax credit, can be claimed by the production company, allow for greater labour to be included
The last 3 points will be explained further.
Audio effects-sound effects added during post-production. However, voice-overs, the narration or non-synchronous dialogue that takes place over the onscreen action is OK In camera effects-effects achieved using single or multiple passes of film through a camera Credit rolls-title sequences OK Labour not eligible for the basic PSTC is not eligible under DAVE ie audit fees and marketing costs
Follow along on hand out Mention addition federal tax credit
Follow along on hand out Mention addition federal tax credit
Must of have direct contract with copyright owner
Mention federal credit again A lot of information presented here If you need help calculating tax credits or have questions give us a call
Follow along on hand out Mention addition federal tax credit