Basic tax credit

Important notice
Changes have been announced to the British Columbia film and television tax credit. Go to What's new for corporations.

An eligible production corporation can claim different British Columbia film and television tax credits, including the basic tax credit. These credits cannot be claimed if the British Columbia production services tax credit is claimed for that production.

The basic tax credit is equal to 35% of the qualified BC labour expenditure for the tax year for the production.

For an interprovincial co-production, this 35% basic tax credit is multiplied by the percentage of copyright that the corporation owns.

For more information, see Part 5 of the British Columbia Income Tax Act.

Claiming the credit

Attach the following on top of your return for the year:

• the eligibility certificate(s) requested from British Columbia Film;
• if it applies, the completion certificate and a copy ot the audited statement of production costs and notes provided to British Columbia Film; and
• a completed copy of Form T1196, British Columbia Film and Television Tax Credit, for each film or video production.

On line 671 of Schedule 5, Tax Calculation Supplementary - Corporations, include the credit in the total amount you are claiming.

You must claim these credits no later than 36 months after the end of the tax year.

Forms and publications

• Form T1196, British Columbia Film and Television Tax Credit
• Schedule 5, Tax Calculation Supplementary - Corporations

Related topics

• Regional tax credit
• Distant location regional tax credit
• Film training tax credit
• Digital animation or visual effects tax credit

Government partners

• Bulletin CIT 009, British Columbia Film and Television Tax Credit
• British Columbia (provincial site)