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Sample FIBC Calculator

Motion Picture Tax Credits

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Important message for FIBC applicants: CRA allows a transition period for filing requirement

Jun 22, 2022 | Motion Picture Tax Credits

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

Jun 3, 2022 | Motion Picture Tax Credits

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 determine a...

PSTC/FIBC Tax Credit: Proof of Permanent Establishment in BC

Jun 2, 2022 | Motion Picture Tax Credits

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...

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Funding, opportunities and events for the creative industries

Please note that these samples are for demonstration purposes only and is not an official tax credit estimate. For animated productions that start key animation after June 26, 2015, the regional and distant tax credits are subject to a different calculation method than that indicated in the calculator below. If you have any questions about your calculation, or if you have a unique situation, please contact one of our staff and we’ll be happy to assist you.

When principal photography starts after September 30, 2016

Provincial tax credits - Domestic production
A Total Cost of Production (excluding assistance)		$
B Labour cap	A x 60%	$ 0.00
C BC net labour incurred by production company (excluding writer fees)		$
D BC net labour directly attributable to digital animation, VFX or post-production activities		$
E Total principal photography (PP) (or key animation) days in BC (TD)
F Total PP (or key animation) outside of Vancouver (RD)
G Total PP (or key animation) days in Distant Location (DD)
H Qualifed BC labour expenditures	lesser of B and C	$ 0.00
I FIBC Basic	H x 35%	$ 0.00
J Regional	F/E x H x 12.5%	$ 0.00
K Distant Location Regional	G/E x H x 6%	$ 0.00
L DAVE - 16%	D x 16%	$ 0.00
M Total provincial tax credits	I + J + K + L	$ 0.00

Federal tax credit - CPTC
Total Cost of Production	A	$ 0.00
N Less assistance	M	$ 0.00
O Adjusted total cost of production	A-N	$ 0.00
P Labour cap	O x 60%	$ 0.00
Q Canadian labour expenditures	C	$ 0.00
R Qualified Canadian labour expenditures	lesser of P and Q	$ 0.00
S Total federal tax credit	R x 25%	$ 0.00
T Total provincial and federal tax credits	M + S	$ 0.00

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