Vancouver, B.C. (January 12, 2026) – Creative BC announces the nine British Columbia motion picture production companies that will receive a total of $450,000 through its Slate Development Program (the Program). The Program helps B.C.’s production companies grow their...
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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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