No Fixed Amount
Type of Program:
The Film and Video Tax Credit is a refundable provincial corporate income tax credit and is provided for eligible local film projects at a rate of 40% of eligible local labor costs, but may not exceed 25% of production costs.
Comments on Funding:
Funding is 40% of eligible local labor costs, but may not exceed 25% of production costs.
When It Ends:
The applicant must:
first apply for eligibility to the Newfoundland and Labrador Film Development Corporation prior to the commencement of production,
apply for the tax credit once the project is completed, and financial statements and cost reports finalized,
The goal is to isattach the tax credit certificate to the T2 return.sue official notification within 8 weeks of receiving an application.
Applicants must provide the following information:
The following is also required according to the amount of gross production costs:
Other Things to Note:
The Film and Video Tax Credit is administered by the Newfoundland and Labrador Film Development Corporation (NLFDC) for the Newfoundland and Labrador Department of Finance.