Published | Category : Income tax - businesses
Tax Credit for the Production of Multimedia Events or Environments Presented Outside Québec
Tax legislation will be amended to restore the former parameters and eliminate the end date of the tax credit for the production of multimedia events or environments presented outside Québec (referred to in the Budget Speech as the tax credit for the production of multimedia environments or events staged outside Québec):
- The tax credit rate applicable to qualified labour expenditures will be 35%.
- The maximum tax credit in respect of a qualified production will be $350,000.
- The tax credit will also apply to qualified labour expenditures incurred after December 31, 2015.
The amendments relating to the tax credit rate and the maximum tax credit will apply to qualified productions for which an application for an advance ruling or, where no such application has previously been filed in respect of the production, for which an application for a certificate is filed with the Société de développement des entreprises culturelles (SODEC) after March 26, 2015.
For more information, see page A.94 of the document entitled Additional Information 2015-2016 (PDF – 1.96 MB), published by the Ministère des Finances.