Amount: refundable tax credit of 16% of qualified Canadian labour expenditures.
The film or video production services tax credit (PSTC) encourages Canadian and foreign-based producers to employ the services of Canadians.
The Canada Revenue Agency and the Department of Canadian Heritage, through the Canadian Audio-Visual Certification Office, jointly administer this tax credit.
- Your production must first be certified by the Canadian Audio-Visual Certification Office as an accredited film or video production.
- Your qualified Canadian labour expenditure must have been paid to Canadian residents for services rendered in Canada.
If eligible for the PSTC, your corporation can get a refundable tax credit of 16% of your qualified Canadian labour expenditures. There is no limit on the amount of tax credit you can receive for an eligible production.
You can claim only one of the following federal tax credits for a production:
- Canadian film or video production tax credit