Tax Credit Changes and Transitional Provisions

The information below outlines the application of transitional rules for proposed changes to film tax credit rates that were announced by the Province of BC on Monday, May 2, 2016. These changes are subject to the approval of the legislature and the implementation of the necessary regulations.

Production Services Tax CreditChange to the basic tax credit rate

For productions with a date of principal photography that begins prior to Oct. 1, 2016, the 33% rate applies. If principal photography begins on or after Oct. 1, 2016, then the 28% rate applies for that production.

For productions that are episodic, where the first episode in a cycle of a television series begins principal photography prior to Oct. 1, 2016, the 33% rate applies to all episodes in that cycle of the television series. If principal photography of the first episode of a cycle of a television series begins on or after Oct. 1, 2016, then the 28% rate applies to all episodes in that cycle.

Production Services Tax Credit and Film Incentive BC Change to the Digital Animation or Visual Effects Tax Credit Rates

For productions with a date of principal photography that is prior to Oct. 1, 2016, the 17.5% rate applies. If principal photography begins on or after Oct. 1, 2016, then the 16% rate applies for that production.

For productions that are episodic, if the first episode in a cycle of a television series begins principal photography prior to Oct. 1, 2016, the 17.5% rate applies to all episodes in that cycle of the television series.

If principal photography of the first episode of a cycle of a televisions series begins on or after Oct. 1, 2016, then the 16% rate applies to all episodes in that cycle.