Tax Credit - CANADA, Nova Scotia

http://film.ns.ca/?q=node/18
This program is a fully refundable corporate income tax credit. It is a labour-based credit that encourages the development, training and hiring of Nova Scotia film personnel in all disciplines. Film Nova Scotia administers this program on behalf of the Nova Scotia Department of Finance. The credit currently ranges from 50% to 65%.
Eligibility

The Tax Credit is available to qualifying productions and co-productions produced and/or shot in Nova Scotia. Production companies applying for the Tax Credit must have a permanent establishment in Nova Scotia (a fixed place of business, a production office, a branch etc.) and must be incorporated under the laws of Nova Scotia, another province of Canada, or Canada.
Eligible genres include television, videotape, feature film, non-theatrical production and the subject is drama, variety, performing arts, animated or informational series, documentary or music programming, including music videos. There is no limit on the size of the production budget, no corporate or asset cap, and no Canadian content or copyright ownership requirements associated with this Tax Credit. The Tax Credit is not reduced by any other tax credits that the production may receive.
Calculations

The Tax Credit is calculated as the lesser of 50% of eligible Nova Scotia labour or 25% of the total production costs for productions that occur in the Halifax region (Metro Halifax) or the lesser of 60% of eligible Nova Scotia labour or 30% of total production costs for productions that occur in other regions (Eligible Geographic Areas) of the province, for productions commencing principal photography after October 1, 2007.
Eligible Geographic Areas (EGA) of the province are considered to be those locations that are located 30km driving distance or more from Halifax City Hall. For greater clarity, this area is bounded by the Mount Uniacke exit of Highway 101; the Halifax International Airport exit of Highway 102; the Tantallon exit of Highway 103; and the Porters Lake exit of Highway 107. If less than 50% of the days of principal photography are shot outside Metro Halifax, the Regional bonus is prorated based on the number of days principal photography is shot outside the Halifax Region.
Application Process

To apply, producers must submit a completed Part B application to Film Nova Scotia for processing. Complete applications must be received within 30 months of the taxation year in which eligible expenses were incurred and paid. Once Film Nova Scotia reviews this application it is sent to the Nova Scotia Department of Finance, where an authorization certificate will be issued to the production company outlining the actual eligible tax credit amount. Producers can file this certificate with their corporate tax return in order to receive their refund.
Applications must be accompanied by the processing fee of 0.2% of eligible Nova Scotia labour (minimum $200, maximum $2,000 per application) plus 13% HST.
Part A Applications

As of August 1st, 2009, Film Nova Scotia is no longer accepting Part A Applications for the Nova Scotia Film industry Tax Credit. If you still require a Part A Letter, you should contact any one of the private accounting firms that provide this service.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!