Canadian Audio-Visual Certification Office (CAVCO) and the Canada Revenue Agency – Canadian Film or Video Production Tax Credit (CPTC)

ByMaurice

Description:

The Canadian Film or Video Production Services Tax Credit (CPTC) is designed to encourages the creation of Canadian film and television programming and the development of an active domestic independent production sector.

Comments on Funding:

Funding is 25% of the qualified Canadian labor expenditures incurred in respect of an accredited production.

Eligibility:

Applicants must:

  • must be a prescribed taxable Canadian corporation that is:
  • Canadian-controlled, based on sections 26 to 28 of the Investment Canada Act;
  • not controlled directly or indirectly in any manner by one or more persons, all or part of whose taxable income is exempt from tax under Part I of the Income Tax Act (for example, tax-exempt non-profit corporations, charitable organizations, etc.); and
  • not a prescribed labour-sponsored venture capital corporation, as defined in section 6701 of the Regulations. 
  • activities consist primarily of carrying on a Canadian film or video production business, through a permanent establishment in Canada.
  • The production must be a treaty coproduction or other film or video production that meets the requirements of the Income Tax Regulations.

Applications Steps:

The applicant must:

4

Mail the following to CAVCO:
✔ the printed and signed attestation form
✔ a cheque for the application fee made out to the Receiver General for Canada.

Documentation Needed:

Applicants must provide:

  • Corporate documentation
  • Financing and exploitation documentation,
  • personnel documentation,
  • documentation for non-Canadian producer-related personnel, if applicable, 
  • production details, chain-of-title documents, episode titles, if applicable
  • CRA T2029 Waiver forms, 
  • copy of the production for Part A/B or Part B applications,
  • expenditures documentation,
  • final cost information for Breakdown of Costs in Part A/B or Part B applications,
  • audit for Part A/B or Part B applications, for productions with budgets of $500,000 or more;
  • treaty coproduction information.
  • signed attestation mailed with the Application fee. The application fee, (check fees) made out to the Receiver General for Canada, and sent to CAVCO.

About the author

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business. Click here to learn more about Moe’s background and how he can help your business.

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