Exciting New Distant Region Tax Credit
BC announces an NEW Interactive Digital Media credit for video game
development of 17.5 per cent of qualifiying B.C. labour costs.
Digital Animation or Visual Effects tax credit bonus increased to 17.5 per cent from 15 per cent.
Studio Zone - Vancouver Studio Zone remains the same
Nearby Region
Outside Vancouver Studio Zone - north to include Whistler, east to include Hope, and the Capital Regional District on Vancouver Island.
Film Incentive BC - Regional Tax Credit remains at 12.5% Production Services Tax Credit Regional Tax Credit remains at 6%.
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Distant Region
East of Hope, north of Whistler, north of Capital Regional District/Vancouver Island.
Film Incentive BC - Regional Tax Credit is 18.5%- Production Services Tax Credit - Regional Tax Credit is 12%
PLUS
There is an increase of the BC Film Tax Credits Program for two years:
- Film Incentive BC is raised from 30% to 35%
- Production Services Tax Credit is raised from 25% to 33%
- Qualified B.C. labour expenditures cap increased to 60 per cent from 48 per cent of production costs.
Film on Central or Northern Vancouver Island, Gulf Islands or BC Coast and take advantage of the new Distance Regional Tax Credit and the higher Production Services Tax Credit! Call us at +1 250-287-2772 for details.