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Introducing a new tool for PSTC and FIBC tax credit applicants: Deadline Calculator

Jul 12, 2024

Business Affairs and Production Accounting teams can now quickly, accurately, and instantly build B.C. motion picture tax credit deadlines into their project plans.

Creative BC introduces a deadline calculator for its PSTC and FIBC programs, integrating eligibility, notice, and filing deadlines. Designed by Creative BC and developed in collaboration with the Ministry of Finance and Canada Revenue Agency (CRA), these tools are intended to empower applicants by improving their ability to effectively plan and understand the necessary deadlines for successful certification applications with Creative BC and timely tax credit claims with the CRA.

 

FIBC Deadline Calculator

 

Application eligibility deadlines at Creative BC:

  • 24 months from the end of the taxation year in which PP/KA [1] begins to complete production.
  • 30 months from the end of the taxation year in which PP/KA begins to get a Completion Certificate.

Tax credit claim filing deadline at the CRA:

  • 18 months from the end of each applicable taxation year to file a tax credit claim with the CRA.

To trigger the above deadline calculations, simply enter the following information:

  • PP/KA start date
  • Production Completion date
  • Taxation year end

 

PSTC Deadline Calculator

 

Pre-certification Notice deadline at Creative BC:

  • 120 days from the 1st Accredited BC Labour Expenditure (ABCLE) to submit pre-certification registration to Creative BC in order to claim all eligible labour costs.

Tax credit claim filing deadline at the CRA:

  • 18 months from the end of each applicable taxation year to file a tax credit claim with the CRA.

To trigger the above deadline calculations, simply enter the following information:

  • Date of 1st ABCLE
  • PP/KA start date
  • Taxation year end

 


[1] Principal Photography / Key Animation

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