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,...
News
Important Message for PSTC and FIBC Applicants: Animated Productions no longer eligible for Regional and Distant Location Tax Credits
Budget Measures Implementation Act 2024 received royal assent on April 25, 2024, thus an amendment to the Regional and Distant location tax credits in the B.C. Income Tax Act to exclude animated productions from eligibility will affect animated productions with key...
Processing Time for Tax Credit Applications within the Service Standard
Service Standard & Processing Time Creative BC’s service standard for processing applications to the Film Incentive BC (FIBC) and the Production Services Tax Credit (PSTC) programs is 120 days from the date a complete application is received, 90% of the...
Important Message for PSTC and FIBC Applicants: Animated Productions excluded from Regional and Distant Location Tax Credits
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...
FIBC/PSTC Applicants: Important Update Regarding Creative BC Banking Account Information
Creative BC has recently made an update to our bank account information, including our bank account number. For future application fee payments via e-transfer, direct deposit, or wire transfer, please use the new account number as described in our updated Payment...
Important reminder for FIBC applicants: Completion certificate required in the final tax year of production after transition period
As of March 31, 2023, the transition period, with respect to the requirement that a Completion Certificate be submitted with the T2 corporate income tax return in the final tax year of the production, will be ending. Starting April 1, 2023 per section 85(1) of the...
Important message for PSTC applicants regarding pre-certification
Currently, under section 79 (1) "accredited qualified BC labour expenditure" of the Income Tax Act of British Columbia, an accredited production corporation claiming the Production Services Tax Credits (PSTC) must give notice (pre-certification) in accordance with...
Important message for FIBC applicants: CRA allows a transition period for filing requirement
Under section 85(1) of the Income Tax Act of British Columbia, corporations filing a claim for the British Columbia film and television tax credit (BCFTTC - FIBC) must submit a Completion Certificate with their T2 corporation income tax return if the production was...
Important Message for PSTC Applicants: Recent changes to the notice deadline
PRE-CERTIFICATION: Recent changes to the notice deadline B.C. Budget 2022 proposes that the deadline for the production services tax credits applicant to file a pre-certification form is extended from 60 to 120 days effective February 22, 2022. This impacts...
Important Message for Production Services Tax Credit Applicants
Important messages regarding the Production Services Tax Credit program for applicants
Important Message for Film Incentive BC Tax Credit Applicants
Production companies are encouraged to apply for their tax credit certificates as early as possible – see the recommended timelines below. This is because Creative BC may require 6 months to process certificate applications. We are unable to guarantee that applications filed later will be processed in time for the production company to file with the CRA before the deadline, which may result in denied claims.
CRA Important notice regarding Film + Media Tax Credits
Please contact the CRA Film Services Units for information on CRA filing deadlines for PSTC and FIBC. Additionally, BC Ministry of Finance has announced “As part of our COVID-19 supports, the deadline to claim the tax credit for claims required to be made March...
Join Creative BC for a Motion Picture Tax Credits Info Session: Film Incentive BC
Creative BC’s tax credit team will be hosting a livestream event on Wednesday, October 21st, 10:00am – 10:30am Pacific Time, highlighting key points of the Film Incentive BC (FIBC) tax credit program.
Creative BC Tax Credit Procedures During COVID-19 Pandemic
Creative BC has made minor amendments to usual tax credits procedures during COVID-19
B.C. Budget and Fiscal Plan 2020 – Updates to Motion Picture Tax Credit Programs
Learn about the adjustments to both Film Incentive B.C. (FIBC) and Production Services Tax Credit (PSTC) application timelines and protocols.
Creative BC Launches a New PSTC Pre-certification Process
2019 PSTC Pre-Certification Process Motion Picture Tax Credits Application in B.C. In consultation with government and industry stakeholders, Creative BC is today sharing preliminary information regarding the anticipated implementation of the new PSTC...
B.C.’s Motion Picture Industry Remains Steady with $3.2B Contribution to Economy
Creative BC is pleased to report that 384 productions which qualified for labour-based tax credit certifications during the 2018/19 fiscal year have contributed $3.2 billion to B.C.’s economy.
Creative BC is Launching a New Tax Credit Application System
New system requires your action before April 1, 2019!
B.C.’s Motion Picture Industry Contributes $3.4B to the Provincial Economy
For immediate release
New Film Tax Credit Rates give Industry Certainty and Protect Taxpayers
Victoria, BC – Consultations with the BC film and television industry have led to proposed adjustments to the province’s film tax credit rates that provide certainty to the film industry while keeping the subsidy affordable for taxpayers, Finance Minister Michael de Jong announced today.