No Fixed Amount
Type of Program:
The Nova Scotia Digital Animation Tax Credit (DATC) is a refundable provincial corporate income tax credit for qualifying labor expenditures directly related to the development of eligible digital animation productions in Nova Scotia. This credit provides incentive for digital-animation productions that start key animation after June 30, 2015, and before July 1, 2020.
Comments on Funding:
The DATC is the sum of the basic tax credit and the animation bonus.
The basic tax credit is the lesser of:
50% of the eligible NS labor expenditure less the value of any assistance received;
25% of eligible NS labor expenditure plus eligible overhead expenditure (calculated as 65% of the eligible NS labor expenditure) plus 65% of eligible remuneration less twice the value of any assistance.
The animation bonus is 17.5% of eligible NS animation labor expenditure.
When It Ends:
July 1, 2020
The applicant must:
The applicant must submit:
a mandatory Part A application before principal photography or key animation of the digital animation production begins and receive an "eligibility certificate" before an application for the Tax Credit Certificate can be made.
a Part B application for a Tax Credit Certificate once he obtained the eligibility certificate and no later than 30 months after the end of the taxation year in which the expenditures for the eligible production were made.
The applicant must submit the following documentation in support of his Part A application form:
The applicant must submit the following documentation in support of his Part B application form: