The fourth annual REEL Earth Day Challenge has raised $100,000 toward projects delivered through Metro Vancouver Regional Parks Foundation. Since 2021, the annual BC film industry fundraiser for parks and greenspaces has raised over $473,000. “Creative BC's Reel...
Related News
Apply for the Ohsoto’kino Music Incubator
This five-day artist development intensive is open to Indigenous artists across Canada. Each year, six participants will converge at Calgary's Studio Bell, home of the National Music Centre, to learn new skills and connect with national music industry experts. This...
New Women in Music Songwriting Workshop on April 28, 2024
Women in Music BC is offering an educational panel on the business of songwriting on April 28, 2024. This event is open to women and gender-diverse creatives, and will culminate in an intimate songwriter's circle. Delivered by Mary Ancheta, Alexandria Maillot, and...
Kelowna Named Host City for Canadian Country Music Week 2025 and CCMA Awards
Last week, the Canadian Country Music Association announced that Kelowna, B.C. will be the host city for Country Music Week 2025 and the 2025 CCMA Awards. This marks the third time Country Music Week will be hosted in British Columbia, and the first time in Kelowna...
FIBC Tax Credits: Initial Licensing
Are you planning your next Canadian content film? Be sure to know the initial licensing rule.
Under Film Incentive BC, for productions that are not treaty co-productions or interprovincial co-productions, the initial licensing of the commercial exploitation of the production must be controlled by
- the BC-based eligible production corporation that controls more than 50% of the copyright; or
- an eligible production corporation related to the above-stated corporation.
See Section 80(1)(g) of Income Tax Act (BC) which requires that the production corporation, or a related eligible production corporation, controls the initial licensing of the commercial exploitation of the production and Section 79 (1) for definitions “eligible production corporation” and “BC-based corporation”.
Joanne Chow
Senior Business Analyst, Motion Picture Tax Credits
jchow(at)creativebc.com
This post is intended as a general overview. It is not exhaustive and should not be relied upon to determine eligibility or the final amount of an anticipated tax credit. In case of any discrepancies between this post and the Income Tax Act (BC) and Regulations (the “Act”), the provisions of the Act prevail.
Stay Connected
Subscribe to our newsletters