Published | Category: Income tax - businesses

Refundable Tax Credit for Québec Film or Television Production

Tax legislation will be amended to improve the three increases respecting the refundable tax credit for Québec film or television production.

Increase for special effects and computer animation

The increase for special effects and computer animation will be raised from 8% to 10%.

Regional increase

The regional increase will be raised from 8% to 10% or from 16% to 20%, depending on the category of production concerned.

Increase for no public financial assistance

The application of the increase for no public financial assistance, as well as the rate of the increase, will be significantly amended.

Tax legislation will be amended to provide that the rate of the increase will be raised from 8% to 16% for all eligible productions.

Tax legislation will also be amended so that the increase, renamed “increase determined by public financial assistance,” is available in respect of an eligible production receiving financial assistance from a public body, but is reduced linearly.

Maximum rate

The maximum rate of the tax credit for a film that is not adapted from a foreign format will be set at 66%, whereas the maximum rate of the tax credit for a film that is adapted from a foreign format will be set at 62%.

Application date

These changes will apply to a film or television production for which an application for an advance ruling or, if no application for an advance ruling was previously filed for the production, an application for a certificate is filed with SODEC after March 28, 2017.

For more information, see pages A.38 to A.43 of the Additional Information 2017-2018 (PDF – 2.71 MB), published by the Ministère des Finances.

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