Nova Scotia film industry tax credit

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http://www.cra-arc.gc.ca/tx/bsnss/tpcs/crprtns/prv/ns/flm-eng.html

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Nova Scotia film industry tax credit

Note

This credit is ended for film and television productions that start principal photography after June 30, 2015. On July 1, 2015, the Nova Scotia Film & Television Production Incentive Fund began. This fund is not administered by the CRA. Productions that started principal photography before July 1, 2015, will receive the tax credit based on the previous rules. All productions will continue to have 30 months from the end of the tax year in which the expenditures were made to file their application.

Previous rules

For productions that started principal photography before July 1, 2015, the Minister of Finance and Treasury Board for the province of Nova Scotia issues tax credit certificates to corporations producing an eligible film in the province.

The credit ranges from 50% to 65% of eligible salaries paid to employees who are residents of the province. An employee must be a resident of Nova Scotia for tax purposes during the production period.

When 50% or more of the days of principal photography of the production are in an eligible geographic area the credit is equal to 60% of all eligible salaries paid to residents of the province.

When less than 50% of the days of principal photography of the production are in an eligible geographic area the credit is equal to:

  • 60% of eligible salaries paid to residents of the province prorated for the number of days of principal photography that are inside the eligible geographic area over the total number of days of principal photography
    plus
  • 50% of eligible salaries paid to residents of the province prorated for the number of days of principal photography that are outside the eligible geographic area over the total number of days of principal photography

Production companies that shoot more than two films in the province over a two year period are eligible for an additional 5% of eligible salaries frequent film bonus on the third and subsequent films.

This credit is fully refundable, but must first be applied against total taxes payable.

Claiming the credit

Enter the amount of the credit earned in the current year on line 565 of Schedule 5, Tax Calculation Supplementary – Corporations.

If there is only one certificate, enter the certificate number on line 836 of Schedule 5.

If there is more than one certificate, complete Schedule 345, Additional Certificate Numbers for the Nova Scotia Film Industry Tax Credit.

Supporting documents – File the original or a copy of the certificate with your return.

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Date modified:
2017-04-20