OUR SERVICES
Film & TV Tax Credit Applications
Did you know that up to 40% of your budget is recoupable through refundable tax credits? Talk to us (preferably) before or after principal photography and we will design a plan that will ensure maximum returns and a smooth application process.
Provincially, Ontario Creates (formally Ontario Media Development Corporation - OMDC) and the Canada Revenue Agency (CRA) jointly administer various tax credits including the Ontario Film and Television Tax Credit (OFTTC) which offers 35% of eligible labour expenses, the Ontario Production Services Tax Credit (OPSTC) which offers 21.5% of all qualifying expenses and the Ontario Computer Animation & Special Effects Tax Credit (CASE) which offers 18% of Labour.
Federally, the Department of Canadian Heritage administers tax credits through the Canadian Audio Visual Certification Office (CAVCO) and the Canada Revenue Agency (CRA) which include The Canadian Film or Video Production Services Tax Credit (CPTC) which offers 25% on Canadian Labour and The Film or Video Production Services Tax Credit (PSTC) which offers 16% on Labour.
Both Provincial and Federal programs can be stacked together (less an assistance discount) that can return a significant portion of expenses back to the production. This makes it very attractive to potential investors, guaranteeing them a sizeable recoupment.
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FINANCE TAX CREDITS IN ADVANCE OF YOUR PRODUCTION
Most of the time, filmmakers elect to use estimates of these tax credits to help finance the cost of their project in advance. This can be achieved by having a financial institution or private investor bankroll most of the value of the estimate. One of our areas of expertise is preparing all the necessary documentation required to make this happen. CONTACT US HERE
Business Affairs
There are so many external elements that require attention that take you away from making your film. Corporate Structuring, Finance Models, Applications, Cashflow Statements, Recoupment Schedules, Chain of Title, Cast Offers, and Drafting Agreements are some of the boring yet important elements that are required to execute a successful project.
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But you went to Film school, not Law school right?
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Although film and TV is mostly a creative process, there is a business component that must be attended to otherwise all the work that went into creating your project could become a huge waste. It’s about balancing Art and Commerce. With proper guidance, smart decision making can save money and put it where it counts the most… on the screen. Talk to us today and we will walk you through our A to Z checklist of everything needed to deliver your project to the marketplace CONTACT US HERE
Production Accounting
Navigating through production accounting can be a daunting task.
We understand accounting and bookkeeping specific to the Film and Television industry.
We offer a wide range of services including:
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On-Set & Virtual Bookkeeping services
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Daily and Weekly Cost Reports
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Cast and Crew Payroll
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HST/PST Filings
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Cashflow Management
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Financial Statements
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Month End Reporting including Bank Reconcilation
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Corporate Tax Returns
Film & TV Finance Applications
Being Canadian, there are several Government programs to help finance your project. Telefilm, OMDC, NOHFC, and the Art Councils are just some of the subsidies available. Let us provide you with a realistic finance plan and prepare applications that work.
If you’ve ever looked into government financing, chances are it overwhelmed you. In addition to a long checklist of documentation, knowing when to apply and how to line up deadlines with other applications can become a confusing maze. Let us assist you in designing a realistic finance structure with obtainable goals. We can help position your project to ensure the best chances of success; after all, eligibility is not entitlement. We offer a complimentary no obligation initial contact. CONTACT US HERE
Production Services
Are you a foreign production company planning to shoot in Canada?
Are you a creative that needs assistance with production?
We can take care of all your production needs, from scheduling to budgeting, sourcing crew to attaching talent our team has serviced more than 50 film and understands how to bring a project on time and on budget.
Visit our parent site for a complete list of services. CLICK HERE
Canadian Certification
Making a Canadian Film or Series? Congratulations! Canadian Broadcasters are mandated by the CRTC to have a portion of their content be Canadian certified. Let us handle the painstaking application process for you.
So what is a Canadian Film or Series? Besides shooting on Canadian soil, a Canadian project must meet the criteria set out by the CRTC which includes, the controlling Producer (the one who is the central decision maker) being Canadian, the production earns a minimum of 6 out of 10 content points, at least 75% of the production’s services required to produce the film are Canadian, and at least 95% of all post-production and lab costs are paid to Canadians within Canada to name a few. In addition there are several technical questions and documents that can leave the creator’s head spinning. Let us do all the heavy lifting for you. Sit down with us and we will make sure you have everything needed to certify your content. CONTACT US HERE