2025 Updates to B.C.’s Motion Picture Tax Credit Programs are official

Bill 5, Budget Measures Implementation Act, 2025, received Royal Assent on May 29, 2025. As a result, the proposed changes to the legislation and regulation for British Columbia’s Motion Picture Tax Credit Programs, announced on March 4, 2025, are official.

• The Film Incentive BC (FIBC) basic rate increased from 35% to 40% for productions that start principal photography after December 31, 2024.
• The Production Services Tax Credit (PSTC) basic rate increased from 28% to 36% for productions that start principal photography after December 31, 2024.
• The Major Production Tax Credit is available for completed productions with B.C. production costs greater than $200 million, that start principal photography after December 31, 2024, and is equal to an additional 2% of a corporation’s accredited qualified B.C. labour expenditure in respect of the major production. The total PSTC basic rate for the major productions is 38%.
• The Regional and Distant Location Tax Credits are restored for animation productions that start key animation after December 31, 2024, for production companies with a physical office in a regional or distant location, provided that the labour expenditures claimed are for workers who are physically present and working in those offices at least 50% of the time.

Please refer to the Updated Resources for information on eligibility requirements and required documentation for the FIBC and PSTC programs:

• FIBC Summary for eligible productions
  • FIBC Summary for inter-provincial co-productions
  • FIBC Summary for international treaty co-productions
  • FIBC Eligibility Application Checklist
  • FIBC Completion Application Checklist
• PSTC Summary for accredited productions
  • PSTC Application Checklist

Learn more

See the final version of Bill 5 here.
See the Tax Credit Changes and FAQ here.
See the Budget 2025 here.