Film Incentive BC Tax Credit
IMPORTANT MESSAGE ABOUT WHEN TO SUBMIT AN FIBC APPLICATION
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.
For an eligibility certificate, we strongly recommend that you apply as early as possible in the pre-production or production stage and no later than 12 months from the corporation’s taxation year in which principal photography began.
For completion certificates, we strongly recommend that production companies submit completion certificate applications within 12-24 months of the taxation year in which principal photography began.
FIBC is a refundable corporate income tax credit. When filing tax returns, your corporation may claim a specified percentage of the labour costs incurred while making a production. The credits are applied to reduce tax payable, and any remaining balance is paid to the corporation.
Please note that your production corporation must apply to Creative BC to receive an eligibility and completion certificate for your production. In order to claim FIBC tax credits, your production corporation must file a corporate income tax return, along with the certificates, with the Canada Revenue Agency.
FIBC is a labour based tax credit available to Canadian owned and controlled production corporations that have a permanent establishment in BC.
FIBC provides refundable tax credits to Canadian controlled production companies based on eligible BC labour costs. This tax credit is designed to encourage film, television, digital animation, and visual effects production in British Columbia. The program includes six initiatives: Basic, Regional, Distant Location Regional, Training, Digital Animation, Visual Effects and Post-Production (DAVE) and Scriptwriting.
|Regional Tax Credit||12.5%|
|Distant Location Regional Tax Credit||6%|
|Training Tax Credit||30%|
FOR PRODUCTIONS WITH A PRINCIPAL PHOTOGRAPHY START DATE AFTER SEPTEMBER 30, 2016*:
|Digital Animation, Visual Effects + Post-Production (DAVE)||16%|
*For productions with a principal photography start date before October 1, 2016, please contact Creative BC for more information.
FOR SCRIPTWRITING EXPENDITURES INCURRED AFTER FEBRUARY 20, 2018:
|Scriptwriting Tax Credit||35%|
JILL REILLY | Manager, Motion Picture Tax Credits
Tel: +1 604 730 2237
jreilly (at) creativebc.com
BILJANA RADOVIC | Business Analyst, Motion Picture Tax Credits
Tel: +1 604 730 2232
bradovic (at) creativebc.com
KAL DHOOT | Business Analyst, Motion Picture Tax Credits
Tel: +1 604 730 2240
kdhoot (at) creativebc.com
JOANNE CHOW | Business Analyst, Motion Picture Tax Credits
Tel: +1 778 657 6278
jchow (at) creativebc.com
LEA CHAMBERS | Business Analyst, Motion Picture Tax Credits
Tel: +1 604 730 2252
lchambers (at) creativebc.com
ANDRÉE LAPLANTE | Coordinator, Motion Picture Tax Credits
Tel: +1 604 262 8678
alaplante (at) creativebc.com
- Please see Creative BC Brand Assets for FIBC Tax Credit Recipients.