Production Services Tax Credit
The PSTC is a refundable corporate income tax credit. When filing tax returns, your corporation may claim a specified percentage of the labour costs incurred in 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 accreditation certificate for the production. In order to claim the PSTC tax credits, your production corporation must file a corporate income tax return, along with the certificates, with the Canada Revenue Agency.
The PSTC is not subject to any Canadian content requirements. In addition, there is no limit on the PSTC that may be claimed on a particular production and there is no limit that a corporation or group of corporations can claim.
The program includes four initiatives: Basic, Regional, Distant Location and Digital Animation, Visual Effects and Post-Production (DAVE).
FOR PRODUCTIONS WITH A PRINCIPAL PHOTOGRAPHY START DATE AFTER SEPTEMBER 30, 2016*:
|Distant Location Tax Credit||6%|
|Digital Animation, Visual Effects + Post-Production (DAVE)||16%|
*For productions with a principal photography start date before September 30, 2016, please contact Creative BC for more information.
Jill reilly | Business Analyst - Tax Credits
Tel: +1 604 730 2237
BILJANA RADOVIC | Business Analyst - Tax Credits
Tel: +1 604 730 2232
- Effective September 24, 2019, Creative BC launched the new PSTC pre-certification and registration on-line form as a preliminary step for all NEW PSTC applications.Within 60 days after a project's start-date-of-work in B.C., applicants will now need to complete a simple pre-certification form to obtain a project registration number that will be used in the Production Services Tax Credit application.There is no fee for pre-certification registration. The information collected through this form will be used for competitive insights, volume forecasting and service preparation.The following information is intended to clarify requirements for projects at various stages of activity:
- If your production has already filed a PSTC application with Creative BC (before September 24, 2019), you will NOT be required to register for pre-certification of the current project that is under way.
- If your production has started work in B.C. already, and you have not submitted a PSTC application, your project will have until October 31st, 2019 to register for pre-certification.
- If your production has not started work in B.C., your project will have to submit for pre-certification by October 31, 2019 OR within 60 days of the project’s start-date-of-work in B.C., whichever date is the later.