Funding Snapshot
- Refundable income tax credit
- Focused on supporting BC’s digital animation and visual effects industry
- Accepts applications each taxation year
Fund Description
The Digital Animation, Visual Effects and Post-Production (DAVE) Tax Credit Program is designed to incentivize production companies employing BC-based talent in the creation of digital animation and visual effects.
The DAVE tax credit must be claimed as part of the Production Services Tax Credit (PSTC) or the Film Incentive BC (FIBC) application.
Funding Details
The DAVE tax credit is a refundable corporate income tax credit that can be used to reduce taxes payable, with the remaining balance paid to the corporation. The amount is calculated as 16% of eligible BC labour expenditures directly attributable to digital animation, visual effects and post-production activities.
Eligible Expenditures
Labour expenditures can be claimed if they are directly attributable to DAVE activities paid to BC-based individuals, taxable Canadian corporations owned by a BC-based individual, other taxable Canadian corporations or partnerships for their BC-based employees, or transferred by the corporation to the parent corporation that is a Canadian corporation.
Eligibility Requirements
- The production must be eligible for either the Production Services Tax Credit (PSTC) or the Film Incentive BC (FIBC) tax credit, and the corporation must claim one of these credits to be eligible for DAVE.
Program Run
BC DAVE is an ongoing program which accepts applications for each taxation year.