Creative BC News

PSTC/FIBC Tax Credit: Proof of Permanent Establishment in BC

Jun 2, 2022 | Motion Picture Tax Credits

If you intend to claim the motion picture tax credits in British Columbia, ensure your corporation has a permanent establishment in BC

 

Accredited corporation claiming PSTC must be a Canadian taxable corporation primarily engaged in film and video production business and with a permanent establishment in BC during the taxation year, however not necessarily incorporated or registered in BC.

 

Eligible production corporation claiming FIBC must be a Canadian-controlled taxable corporation primarily engaged in film and video production business and with a permanent establishment in BC during the taxation year.

 

A valid proof of permanent establishment shows the corporation’s name and the BC address during production. Our preferred documents to verify permanent establishment in BC are a copy of the bank statement, lease agreement with a film studio, utility bill, admin fee cheque, or BC registry documents.

 

See the Income Tax Act (BC) to learn more about an “accredited corporation”, “eligible production corporation”, and “BC-based corporation”.