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Home›Finance›Searching for Film Finance? Your Ace In The Hole May Be The Canadian Film Tax Credit!

Searching for Film Finance? Your Ace In The Hole May Be The Canadian Film Tax Credit!

By Ollie Roman
April 12, 2018
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We’re creates a fast assumption here, and that’s that you are not really a film magnate inside an worldwide film studio! But perform think everyone knows what you’re – a producer or project owner searching to complete your film finance plan.

We’ll also make another educated guess – here goes: You’ve discovered the Canadian film tax credit system can finance between 30-45% from the project and that’s quite appealing!

Let’s browse the basics in the Canadian film tax credit and find out the actual way it will help you in financing assembling your shed. The Canadian government causes it to be very apparent it’s focused on film (incidentally we’re including television and animation here!) due to the revenue and cultural areas of the entertainment industry.

So these tax credits can also enjoy part inside the overall financing part of the plan. In talking with clients we ensure it is very apparent the onus remains on yourself, therefore we know it’s not easy, to complete all your operating plan.That’s clearly all of those other financing you will need it achieved by arranged equity, debt, pre-sales, etc – basically finishing the finance puzzle.

Usually the tax credits we look into are typically in Ontario and B.C., individuals provinces have previously been considered Hollywood North in film finance – however if you are in a position to shoot or produce assembling your shed inside a couple of from the other Canadian provinces individuals tax credits become a lot more liberal with regards to the geography you have selected.

How can we effective navigate the Canadian film tax credit maze? We personally don’t think its a maze, really its really simple, however when anybody associates a government program with funding it provides a considered being bureaucratic, slow, etc. That is not always the problem while using film tax credit.

Lets ensure there is a basics, and to tell the truth you’ll be able to go to GO and collect 200$ simply by having a core expert team made up of the Canadian tax credit consultant. Together with your entertainment accountant and lawyer that consultant can steps for achievement you to definitely certainly Canadian film tax credit success.

The process simply involves looking to get a Production certificate that make sure your project is qualified based on your spend budget. Non- Canadian producers could even be blown away to know you could apply on-line using the government portal to acquire your certificate. This is where obtaining the best ‘ finance talent ‘ is essential, because you have to improve your credit to give the best qualification for your combined federal and provincial credit.

Can the Canadian film tax credit be familiar with really finance your film, i.e. actual money? Absolutely, positively. Utilizing a Canadian business financing consultant in this area will help you earnings or monetize your credit. The primary city, again, between 35% from the project enables you to really complete your production along with other aforementioned reasons for financing.

To conclude, we’re the first to understand that film finance is difficult – however, if an authorized partner – i.e. the Canadian government! want to a part of and advise you regarding 30-45%, or maybe more from the entire budget our recommendation is easy – Make offer.! Talk with a reliable, credible and experienced Canadian business financing consultant who will help you in maximizing your film finance plan.

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