The Film Incentive BC (FIBC) is a refundable tax credit designed to encourage film, television, digital animation and visual effects production in British Columbia. FIBC is for domestic productions that are Canadian owned and have qualifying levels of Canadian content.
The FIBC tax credit provides eligible production corporations with a tax credit on six initiatives: Basic (35%), Regional (12.5%), Distant Location Regional (6%), Training (30%), Digital Animation, Visual Effects and Post-Production (DAVE) (16%), and Scriptwriting (35%). Regional, Distant Location Regional, Training, DAVE and Scriptwriting must be accessed in conjunction with the Basic tax credit.
Companies can receive a refundable corporate income tax credit for labour expenditures paid to BC-based individuals.
The following conditions must be met in order to qualify for the FIBC:
FIBC is an ongoing program which accepts applications for each taxation year.
Find out more about the services we offer, what options are a good fit for your business, and where to begin on your funding journey.