Film Incentive BC Tax Credit

Film Incentive BC (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.

Grant Deadline

Deadline not available

Funding Amount

Deadline not available

Type of Grant

Tax Credit

Sectors

Film, Music, Entertainment

Demographics

Incorporation

For Profit

Perks

Region Restriction

This grant is restricted to whole of Canada

Keywords

Age Restriction

This grant is age restricted from 18 to 100

Eligibility and Requirements

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 up to 4 months to process complete 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 at least 6 months before the filing deadline to avoid a risk of losing tax credits

Grant Application website

https://www.creativebc.com/services/motion-picture-tax-credits/film-incentive-bc/

Contact

Contact the Motion Picture Tax Credit Team

taxteam@creativebc.com

Biljana Radovic| Manager, Motion Picture Tax Credits

Tel: +1 604 730 2232

bradovic (at) creativebc.com

Joanne Chow | Senior Business Analyst, Motion Picture Tax Credits

Tel: +1 778 657 6278

jchow (at) creativebc.com

Lea Chambers | Senior Business Analyst, Motion Picture Tax Credits

Tel: +1 604 730 2252

lchambers (at) creativebc.com

Andrée Laplante | Business Analyst, Motion Picture Tax Credits

Tel: +1 604 262 8678

alaplante (at) creativebc.com

Patricia Lee | Business Analyst, Motion Picture Tax Credits

Tel: +1 236 471 0786

plee (at) creativebc.com

Derek Clayton | Business Analyst, Motion Picture Tax Credits

Tel: +1 236 471 0877

dclayton (at) creativebc.com

Troy Taillon | Business Analyst, Motion Picture Tax Credits

Tel: +1 236-471-0681

ttaillon (at) creativebc.com

Shannon Hunt | Coordinator, Motion Picture Tax Credits

Tel: +1 236 471 0138

shunt (at) creativebc.com