As part of its commitment to advancing reconciliation, BC Live is offering a $2,500 grant to host cultural events during the week of National Indigenous People’s Day in June 2025 (June 15 - 22). BC Live presenters and festival members are eligible for funding to...
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Important message for FIBC and PSTC applicants: Tax Credit Rate Increase in 2025
On December 12, 2024, the Ministry of Finance and Ministry of Tourism, Arts, Culture and Sport announced the following updates, subject to approval of budget legislation:
For FIBC applicants:
- The basic tax credit will increase from 35% to 36% for productions that start principal photography on or after January 1, 2025; and
- The Province intends to restore the regional and distant location tax credits for animated productions with a bricks-and-mortar presence in a regional or distant location
For PSTC applicants:
- The production services tax credit will increase from 28% to 36% for productions that start principal photography on or after January 1, 2025
- A new credit of 2% for major B.C. productions that:
- Have B.C. production costs greater than $200 million and
- Start principal photography on or after January 1, 2025
- The Province intends to restore the regional and distant location tax credits for animated productions with a bricks-and-mortar presence in a regional or distant location
See the news release issued by the Province of BC for more information.
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