B.C. Budget proposes an amendment to the Regional and Distant location tax credits in the B.C. Income Tax Act to exclude animated productions from eligibility.
Proposed changes apply for animated productions under either the Film Incentive BC or the Production Services Tax Credit programs with key animation beginning on or after June 1, 2024.
Animated productions will remain eligible for the Basic tax credit as well as the DAVE tax credit under both programs.
To find out more, visit: Budget and Fiscal Plan 2024/2025, Bill 3 – 2024: Budget Measures Implementation Act, 2024 (Clause 84).
For any questions, please contact the Motion Picture Tax Credit Programs department at taxteam (at) creativebc.com.