Tweet

Looking For Canadian Tax Credits For Film Financing?

Guest post by: Stan Prokop

Article Overview: Information on Canadian tax credits for film financing and how these tax credits can help you cash flow and monetize your project in film, tv and digital animation . Let tax credit financing be the final piece of your financing challenge

Looking For Canadian Tax Credits For Film Financing?

The train has just left the station and unfortunately your project isn't on it? We're of course referring to the fact that you might be missing out on Canadian tax credits for film financing.

While many states in the U.S. and in other parts of the world also can only currently describe their film tax credit programs as mild disarray Canada's robust tax credit program for film finance is dead on track for being generous, robust, and, in our clients opinion well administered and funded .

Utilizing Canadian film and video production services tax credits can be the final piece of your financing puzzle as you cobble together debt, equity, and tax incentives to complete the financing of your project. The new paradigm of film financing (we're also talking of course about television and digital animation projects) is to do the best you can with any number of finance vehicles to complete your project. The economic meltdown of 2008 and 2009 is behind us, things are looking up, but unfortunately there is left a bit of scorched earth as the landscape for independent film financing has eliminated many finance firms, hedge funds, and banks who participated in this entertainment financing.

But through all that the Canadian tax credits for film financing not only stayed intact, they got more generous, and most would agree are efficiently administered. And when you take those tax credits and utilize them as a key part of your financing strategy then you've got a winning combination.

The Canadian government uses provides these tax credits to attract productions such as yours - their own reasons , whether they be cultural, economic, employment , etc are for academics and tax payers to debate - all you have to do is utilize these credits to the maximum for your own projects success .

In the past the entire approval and financing of the Canadian tax credits for film financing was viewed as cumbersome. Boy has that changed. With the aid of a Canadian film tax consultant you can very quickly assemble a competent team which would include an entertainment accountant who can validate your budgets and spends, and at the same time help you navigate the whole tax credit certification process.

With a proper team in place, and having your other debt and equity lined up, you can actually cash flow the credit prior to your project completion - that simply provides you with cash flow and working capital for your project. Typical tax credits on a per cent age basis can actually be 30-45% of your entire project. We repeat - 30 -45%!

So whats our bottom line again? We think its quite simple - don't let the Canadian tax credits for film financing train leave the station without your project on board! Speak to a trusted, credible and experienced Canadian business financing advisor in film tax credits who can help you cash flow and monetize your project.

Related Articles
  Why You Should Use Canadian Film Tax Credits For Your Film Production Financing
  Striking Gold With Film Tax Credits – Finance Ontario and BC Film Production Incentives
  Film And Animation Project Finance - It’s A Mad Mad World Without The Canadian Film Tax Credits
  Film Tax Credit Financing – Working Capital for Canadian Productions
  Cash Flowing your B.C. and Ontario film grants – Film Financing Canada and Tax Credit Financing
  Why The Canada Film Tax Credit Program Is Critical To Your Film Financing
  Looking for Film Finance ? Your Secret Weapon Is The Canadian Film Tax Credit !
  Can You Afford Not To Use Film Tax Credits When Financing a Film In Canada - An Investor Primer
  The Real Truth On Canadian Film Tax Credit – Let Movie & Animation Financing Refund Loans Enhance Your Project
  Canadian Film Tax Credit Financing
  Use Canadian Film Tax Credit Policy for Successful Financing and of Film , TV , And Animation Projects
  The Future Is Now ! Financing Your Film Tax Credit Incentives In Canada Today
  Why Canada Provides Film Production Tax Credits & SRED Tax Credits – Financing Film & SR ED Tax Credits
  Are There Canadian film financing banks For My Tax Credits?
  Why the financing film tax credits provides ‘real’ film tax breaks and film tax incentives to your project
  Financing Independent Movies Via Tax Credits For Indie Film financing
  Using Film Tax Incentives For Television, Animation and Film Finance in Canada
  How To Raise Money For Film Financing via Ontario and BC film grants and Tax Credits
  Canadian Film Projects Utilize Ontario Film Tax Credit Financing For Success
  Film Financing in Canada - Use a Tax Credit Consultant for Tax Credit Financing and Cash Flow

Article Tags: Canadian tax credits for film financing, film financing, tax credit



Related Forum Posts
Research & Development Tax Credits - If anyone is involved in any sort of R&D I have a contact that can submit an application for you to the Government of Canada to get back upto 80% of expenses you may have incurred. Best of all - all this at no cost to you. She's worked with companies of all sizes and part of her services, which are included is how to structure yourself in the future to continue to receive these Government Tax Credits. She can even go back to the last three years in your books to get Tax Credits refunds as well. Email me and I can share her details with you.
re: restaurant start-up - I'm not sure about government grants for restaurants, but my recommendation would be to approach a lender that offers loans under the Canadian Small Business Financing Loan program where the government will guarantee 85% of the loan. You can borrow up to $250,000 to finance equipment and renovations under this program. Restaurants are very risky business, however some of the Chartered Banks will look at restaurants if there is enough of an initial equity investment and you have a solid business plan (experienced management team, good concept and strategic location).
Don't they know there are spammers out there? - Just a rant.... I have a spam filter on my email, such that every day probably about 20 or more emails a day end up in my Bulk folder and I don't even see them. But I still see dozens of spam messages a day in my Inbox, and I recognize them by their titles, if they just say, "Hello," or "Hi" or some other generic title, I know it's spam and I just delete it without even opening it - as you must do. Today I got an email from someone, and the title was "wff". Just that. Not even capital letters. Normally I would have just deleted it without reading it, but fortunately I saw the name of the author, and it was a name I recognized, not a friend but an acquaintance - someone who works for the Williamsburg Film Festival. And the title "wff" was of course Williamsburg Film Festival. And I wonder how many businesses send out emails to potential customers with generic subject lines so that their stuff gets sent to the Trash file without even being looked at.
Canadian Entrepreneurs...let's chat.... - I thought it would be nice to gather up all the Canadian entrepreneurs on one topic to discuss how everyone is getting along. I just realized Evan is Canadian as well! Hope he's able to join the conversation. Look forward to the chat. By the way, I'm in BC. Phil
Re: Don't they know there are spammers out there? - [quote="OmnivoreInk":utcjbiv6]Just a rant.... I have a spam filter on my email, such that every day probably about 20 or more emails a day end up in my Bulk folder and I don't even see them. But I still see dozens of spam messages a day in my Inbox, and I recognize them by their titles, if they just say, "Hello," or "Hi" or some other generic title, I know it's spam and I just delete it without even opening it - as you must do. Today I got an email from someone, and the title was "wff". Just that. Not even capital letters. Normally I would have just deleted it without reading it, but fortunately I saw the name of the author, and it was a name I recognized, not a friend but an acquaintance - someone who works for the Williamsburg Film Festival. And the title "wff" was of course Williamsburg Film Festival. And I wonder how many businesses send out emails to potential customers with generic subject lines so that their stuff gets sent to the Trash file without even being looked at.[/quote:utcjbiv6] Hi Barbara, Personally, I do my best to skim all the sender names and subject titles before deleting everything in my "bulk folder" because you never know if you're missing out on something. For instance, I had a friend whose email used to make it safely into my inbox, but then I later found a few of them in mislabeled as spam in the bulk folder.


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

Starting a Business with Bad Personal Credit

LEARNING TO HAVE FUN – EVERYDAY!

How To Improve Your CTA (Call To Action)

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.