February 2023 - An eligible production corporation (under Film Incentive BC - FIBC) or an accredited production corporation (under Production Services Tax Credit - PSTC) can claim the tax credit when filing the T2 Corporate Income Tax Return. A completed claim form...
Motion Picture Tax Credits
Important reminder for FIBC applicants: Completion certificate required in the final tax year of production after transition period
As of March 31, 2023, the transition period, with respect to the requirement that a Completion Certificate be submitted with the T2 corporate income tax return in the final tax year of the production, will be ending. Starting April 1, 2023 per section 85(1) of the...
FIBC/PSTC Applicants: Tax Credit Form Updates
Creative BC has updated the forms available in the Motion Picture Tax Credits section on the website to make PDF documents fillable for your convenience and our efficient data processing. There are updated fillable PDF forms available here: Production Schedule...
PSTC/FIBC Applicants: Production Company Business Number (BN)
The business number (BN) is a unique number assigned to a company by the Canada Revenue Agency (CRA). Business owners use this number to identify their company when in contact with any federal, provincial, or local government program. The business number consists of...
FIBC eligibility requirements and exceptions specific to documentary productions
“Documentary” is considered a non-fiction motion picture production format intended to document a specific topic/subject, primarily designed to inform, educate and entertain, providing an in-depth critical analysis of a specific subject or point of view. (See CRTC...
PSTC/FIBC Tax Credits: Queue wait times
Motion Picture Tax Credit application standard is to process applications within 120 days from the date we receive a complete application. Incomplete applications, outstanding information or missing documents can delay the issuing of certificates. An application can...
Important message for PSTC applicants regarding pre-certification
Currently, under section 79 (1) "accredited qualified BC labour expenditure" of the Income Tax Act of British Columbia, an accredited production corporation claiming the Production Services Tax Credits (PSTC) must give notice (pre-certification) in accordance with...
FIBC Tax Credits: Canadian-Controlled Corporation
Film Incentive BC (FIBC) is an economic initiative designed to encourage film, television, digital animation and visual effects production in British Columbia. Eligible applicants are film, television and animation production corporations with a permanent...
Important message for FIBC applicants: CRA allows a transition period for filing requirement
Under section 85(1) of the Income Tax Act of British Columbia, corporations filing a claim for the British Columbia film and television tax credit (BCFTTC - FIBC) must submit a Completion Certificate with their T2 corporation income tax return if the production was...
Minimum budget levels for PSTC applicants
Know the minimum budget requirement for your production to be qualified for PSTC Under the Production Services Tax Credit (PSTC) there are different minimum budget threshold requirements for different types of productions. The following can help you...
PSTC/FIBC Tax Credit: Proof of Permanent Establishment in BC
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...
PSTC/FIBC Application Fees: Payment Options
Did you know that Creative BC now accepts fee payment via e-transfer? See our updated Payment Options for PSTC and FIBC applications. Creative BC continues to accept payment via cheque, money order, direct deposit, or wire transfer as well. See PSTC Fee...
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...
FIBC Tax Credits: Broadcasting and Distribution
In your FIBC tax credits applications, Creative BC is looking to see that there is a written agreement with a Canadian-controlled distributor or broadcaster to have the production shown in Canada within 24 months of completion. We sometimes receive questions about how...
Important Message for PSTC Applicants: Recent changes to the notice deadline
PRE-CERTIFICATION: Recent changes to the notice deadline B.C. Budget 2022 proposes that the deadline for the production services tax credits applicant to file a pre-certification form is extended from 60 to 120 days effective February 22, 2022. This impacts...
Important Message for Production Services Tax Credit Applicants
Important messages regarding the Production Services Tax Credit program for applicants
Important Message for Film Incentive BC Tax Credit Applicants
Production companies are encouraged to apply for their tax credit certificates as early as possible – see the recommended timelines below. This is because Creative BC may require 6 months to process certificate applications. We are unable to guarantee that applications filed later will be processed in time for the production company to file with the CRA before the deadline, which may result in denied claims.
PSTC Pre-assessments August 2021
To better serve all of our tax credits applicants, we have re-introduced a PSTC pre-assessments system to help ensure that applications are complete prior to an analyst being assigned for the accreditation certificate review.
Film Incentive BC (FIBC) Deadlines
Did you know that our domestic tax credit program, Film Incentive BC, has legislative deadlines?
CRA Important notice regarding Film + Media Tax Credits
Please contact the CRA Film Services Units for information on CRA filing deadlines for PSTC and FIBC. Additionally, BC Ministry of Finance has announced “As part of our COVID-19 supports, the deadline to claim the tax credit for claims required to be made March...