The production services tax credit is a refundable corporate income tax credit for accredited production corporations that produce accredited film or video productions in British Columbia (B.C.). The credits are available to both domestic and foreign producers and there is no Canadian content requirement.
The production services tax credit program consists of four tax credits with the following tax credit rates:
To calculate the amount of tax credit you are eligible for, multiply your qualified BC labour expenditure by its applicable tax credit rate.
Before you can claim the credits, you must obtain an accreditation certificate from Creative BC. This includes:
You can claim the credit(s) by:
A separate T1197 form and accreditation certificate is required for each production. Enter the total amount of credits from all productions you're claiming on line 672 on Schedule 5, Tax Calculation Supplementary - Corporations.
For tax years beginning on or after February 19, 2020:
For tax years beginning before February 19, 2020:
Note: The CRA must receive the T1197 form and accreditation certificate for each production by the filing deadline for each tax year or your production services tax credit may be denied.
You can use Creative BC’s PSTC Deadline Calculator to determine your production’s pre-certificate, certificate and tax credit claim deadlines.
The credit is fully refundable, but must first be applied against total income tax payable. There are no carry-back or carry-forward provisions.
The following legislation applies to the production services tax credit program:
Contact Creative BC with your questions about eligibility, applications and certificates.
Phone:
604-736-7997 (Vancouver)
Email:
taxteam@CreativeBC.com
For information about the federal tax credit for Canadian film or video production services, see the Canada Revenue Agency website.
Get answers to your questions about the production services tax credit.
Contact us about policy and legislation questions for film tax credits.
Phone:
250-387-3332 (Victoria)
1-877-387-3332 (Toll free in Canada)
Email:
ITBTaxQuestions@gov.bc.ca
Contact Canada Revenue Agency about B.C. or federal tax credit claims.
Phone:
1-866-317-0473 (Vancouver)