Film Industry Tax Credit
no fixed amount
Tax Credit
Description:
The Film Industry Tax Credit is a refundable tax credit for costs directly related to the production of films in Nova Scotia.
Rolling Deadline
Eligibility:
The applicant must:
1. be a taxable Canadian corporation;
2. primarily be a film or video production business;
3. have a “permanent establishment” in Nova Scotia;
4. have at least 25% of salaries paid to Nova Scotians.
To be eligible for this credit, the film must be:
1. Intended for a television, cinema, videotape or non-theatrical production and the subject matter of the film is drama, variety, performing arts, an animated or informational series, a documentary or music programming.
The film cannot be a film that has been prohibited for use or exhibition under the Theatres and Amusements Act or be:
1. A film produced to solicit funds, be a film produced primarily for industrial, corporate or institutional purposes.
2. A film, other than a documentary, all or substantially all of which consists of stock footage; consist of any of the following types of programming: news, current events or public affairs, weather or market reports, talk shows, games, questionnaires or contests, other than in a film that is directed primarily at minors, sports events or activities, gala presentations or awards shows, reality television, pornography or advertising.
Application Steps:
Applicants must apply to the Nova Scotia Department of Finance and Treasury Board and complete the Film Industry Tax Credit information and application form.
Documentation Needed:
Applicants must submit the following:
1. Synopsis of the production;
2. Script or treatment;
3. List of Nova Scotian employees who will be working on the production of the film;
4. Detailed locked budget signed and dated by the Producer with a list of expected eligible labour expenditures;
5. Articles of incorporation and memorandum of association;
6. Shareholders registry;
7. Production Service and/or Co-production agreements, if applicable;
8. Certificate of Election in cases where the applicant corporation does not own the property rights to the eligible film;
9. Application fee;
10. Declaration of Principal Owner, if applicable;
11. Additional information, as requested.
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Maurice