Film Incentive BC Tax Credit
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
biljana radovic | Business Analyst - Tax Credits
Tel: +1 604 730 2232