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Published | Category : Income tax - businesses

Tax Credit for the Production of Performances

Tax legislation will be amended to restore the former parameters of the tax credit for the production of performances. However, a new, lower cap will be applicable to a qualified performance that is a comedy show. Consequently,

  • the tax credit rate applicable to a qualified labour expenditure will be 35% (instead of 28%);
  • the maximum tax credit in respect of a qualified performance will be 
    • $1.25 million (instead of $1 million), where the qualified performance is a musical comedy,
    • $350,000, where the qualified performance is a comedy show,
    • $750,000 (instead of $600,000) otherwise.

The increase in the tax credit rate will apply to an eligibility period of a qualified performance beginning after March 26, 2015, for which an application for an advance ruling or, where no such application was previously filed in respect of the eligibility period, an application for a certificate is filed with the Société de développement des entreprises culturelles (SODEC) after that day.

The increase in the cap on the tax credit will apply to a qualified performance, other than a qualified performance that is a comedy show, where one of its eligibility periods is not completed on March 26, 2015.

The decrease in the cap on the tax credit will apply to a qualified performance that is a comedy show for which an application for an advance ruling or, where no such application was previously filed in respect of the initial eligibility period an application for a certificate is filed with SODEC:

  • after March 26, 2015, where SODEC considers that work on the production of the performance was not sufficiently advanced on March 26, 2015;
  • after June 30, 2015, otherwise.

For more information, see pages A.91 and A.92 of the document Additional Information 2015-2016 (PDF – 1.96 MB) published by the Ministère des Finances.

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