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Furthermore, there is a grandfathering provision for projects which were sufficiently advanced as at budget date (Wednesday June 4th 2014).
Such projects should already have, detailed production specifications, agreements or contracts concerning the acquisition of film rights, agreements or contracts relating to the expected financing, final version of screenplay, and all other pertinent documentation which can demonstrate advancement of the project.
Producers who can demonstrate that they are sufficiently advanced at June 4, 2014 will have until august 31, 2014 to file, and be eligible for tax credit rates previous to June 4, 2014.
For further information you may communicate directly with the QFTC at info@qftc.ca
News
Refundable tax credit for Film and Television Production Services
Montreal, June 6th 2014 - Following the tabling of the new Quebec budget on Wednesday June 4th 2014, the Quebec Film and Television Council wishes to inform its clients of the following changes to the Refundable Production Service Tax Credit :
Quebec remains one of the most advantageous filming jurisdictions in all of North America and the world. |
Comparative tax credit chart
| Jurisdiction | Production % | VFX % | Jurisdiction | Production % | VFX % |
| Quebec | 38.4 | 46 | Louisiana | 33.5 | 33.5 |
| Ontario | 44 | 45 | New York | 30 | 0 |
| Vancouver | 31 | 41 | France | 13 | 13 |
| London | 21.75 | 21.75 | New Zealand | 20 | 20 |
| Australia | 16.5 | 30 | North Carolina | 20 | 20 |
Furthermore, there is a grandfathering provision for projects which were sufficiently advanced as at budget date (Wednesday June 4th 2014).
Such projects should already have, detailed production specifications, agreements or contracts concerning the acquisition of film rights, agreements or contracts relating to the expected financing, final version of screenplay, and all other pertinent documentation which can demonstrate advancement of the project.
Producers who can demonstrate that they are sufficiently advanced at June 4, 2014 will have until august 31, 2014 to file, and be eligible for tax credit rates previous to June 4, 2014.
For further information you may communicate directly with the QFTC at info@qftc.ca