The British Columbia Production Services Tax Credit (PSTC) is a refundable tax credit designed to encourage film, television, digital animation and visual effects production in British Columbia. PSTC is open to both domestic and foreign producers, and has no Canadian content requirements.
The Production Services Tax Credit (PSTC) provides eligible production corporations with a tax credit on four initiatives: Basic (28%), Regional (6%), Distant Location (6%) and Digital Animation, Visual Effects and Post-Production (DAVE) (16%). Regional, Distant Location and DAVE tax credits must be accessed in conjunction with the Basic tax credit. There is no limit to the amount that can be claimed.
Companies can receive a refundable corporate income tax credit for labour expenditures paid to BC-based individuals.
To be eligible for the PSTC, a production corporation must be:
The production must meet minimum budget requirements depending on the type of content being produced.
BC PSTC is a permanent program which accepts applications for each taxation year.
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