Canadian Film Tax Credit Financing ? Easy Web Articles

Canadian Film Tax Credit SchoolingFilm Tax credit financing for film, animation, and digital media productions continues to be a sought right after financing by Canadian entrepreneurs.
Canadian entrepreneurs are fortunate in that several recent changes have been produced to improve the overall viability of Film and Tv credits in Canada.
Using Ontario as an example in March 2010 the government enacted legislation that increased Ontario Personal computer Animation credits. For that reason financing of such projects just brings in additional capital. As an example labour expenditures that are qualified and vetted increase to 100% for arms length employees who don?t have incorporation status ? as an example ?freelancers?.
Within the animation and visual effects location there was a government focus to eliminate the requirement that effects had to ? primarily ? be completed with digital technologies.
How can these film tax, Television, and digital media credits be financed. Financing these tax credits is a really boutique enterprise in Canada. Entrepreneurs and their advisors are cautioned and advised to function with credible, skilled specialists in this niche financing location.
The film tax credit financing (also as animation, Television, etc) is essentially a bridge loan when your production entity has a financing need.. The amount financed could be a mixture of federal and provincial claims, and it normally recommended that the total value of our claim be in the 200, 00.00$ range, which would be a mixture of both the federal and provincial portions of your credit.
We meet with several firms who also have needs for other types of financing, which would incorporate separate SR ED (SR&ED) credits, equipment financing, etc. It would sometime make prudent sense to consider a financing that satisfied the complete needs of the company or production.
The hottest new sectors of financing in this area are the popular animation, virtual reality and of course gaming areas of consumer entertainment.
Naturally to be able to finance a claim it must be reviewed and processed by the appropriate tax credit office, for instance the Ontario ? OMDC ? tax credits & Financing Programs Dept ?.
In our work with clients we advise that it typically takes 2-3 weeks, sometimes longer to finance a tax credit. This process should not be daunting for the entrepreneur or your production company, as it mirrors any other financing organization might undertake- for example an application form, due diligence, legal documentation of the financing, etc.
We would point out though that the main emphasis on the financeability of your claim is the actual tax credit itself, as in many cases the product has not ?gone to market ?so to speak.
Financing your film, multimedia, and Tv tax credits is a great way to access bridge capital and allow our entity to immediately access funds, as opposed to waiting for funds until post production and commercialization.
Talk to a film tax credit financing expert and you are on the way to an unique method of financing your productions.

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