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

ByMaurice

Description:

The Film or Video Production Services Tax Credit (PSTC) is designed to enhance Canada as a location of choice for film and video productions employing Canadians, as well as to strengthen the industry and secure investment.

Comments on Funding:

Funding is 16% of the qualified Canadian labor expenditures incurred in respect of an accredited production.

Eligibility:

The applicant must:

  • Be a production corporation
  • Be a taxable Canadian corporation or a foreign-owned corporation,
  • Be engaged primarily (more than 50%) in activities dedicated to the permanent establishment in Canada of a film or video production business, or a film or video production services business,
  • Be the owner of the copyright in the accredited production, throughout the period during which the production is produced in Canada (or have contracted directly with the copyright owner of the production, to provide services for the production).

Documentation Needed:

Applicants must:

  • corporate documentation (Name and contact information of copyright owners, official designee information);
  • financial information (Budget or top-sheet, total Canadian expenditures);
  • expenditures documentation (final budget, total labour expenditures);
  • production details (Synopsis, production type, target market, production format, number of shooting days in Canada, primary location of shooting); production details, chain-of-title documents, episode titles, if requested by a program officer; 
  • chain-of-title documents (Ownership history, percentage of ownership of each copyright holder);
  • Episode titles, if requested by a program officer;
  • Attestation, signed, for online applications this must be printed and mailed with the Application fee;
  • application fee, made out to the Receiver General of Canada, and sent to CAVCO.

Other Things to Note:

CAVCO’s service standard for processing applications is 120 business days. The performance target for meeting this standard is 85%.

Program Contact:

Canadian Film or Video Production Tax Credit

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    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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