http://www.saskfilm.com/?s=taxcredit
Offering a tax credit of up to 55% of eligible labor on each individual project with no content or copyright restrictions, the program continues to be user-friendly, production-oriented and is designed to encourage film and television production in Saskatchewan. Saskatchewan's incentives are available for each production, without obligation to film additional projects in the province to qualify for an additional rebate. There are no financial caps per production and program applications are processed swiftly in the interests of the producer.
Saskatchewan's base tax credit will rebate 45% of the total wages of all eligible above-the-line and below-the-line Saskatchewan and deemed labor. Deemed labor can include non-Saskatchewan labor that provides mentorship to a Saskatchewan resident. Eligible salaries will be limited to no more than 50% of a production's total eligible budget. 25% of a production's total eligible labor costs are eligible for deeming.
The SFETC provides for an additional 5% bonus of total production expenditures in the province for productions that choose to film in smaller centers and rural areas (25 miles or more from the province's two major cities, Regina and Saskatoon) within the province. The rural bonus provides visiting and local producers with an opportunity to further reduce overall production expenditures and to take advantage of Saskatchewan's urban centers, historic towns and villages, rivers, lakes, valleys, badlands and breathtaking scenery.
The key position bonus is an incentive designed to encourage visiting and local producers to hire specific Saskatchewan crew members and technicians in below-the-line positions. Designed for productions with budgets of $3 million CDN or more, this additional 5% is eligible on projects that attain 6 out of 10 points on positions specified by the program. A list of eligible positions is available by contacting SaskFilm.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
Monday, June 28, 2010
Tax Credit - Canada, Saskatchewan
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Canada,
film budget,
sample film budget,
Saskatchewan,
tax credit
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