Interior Studios Tax Credit deal for VFX driven shows

The Province of BC just announced a new tax incentive for people who wish to come to our region in beautiful wine country to shoot films. If the film is a VFX driven show it is even sweeter. i want to outline what a deal looks like for you people to come here and shoot, especially if you are a Canadian producer with your own content.

Assumptions

budget - 1.5MCAD

VFX budget - 500K

VFX labour - 400K

Labour on the film - 1.1MCAD

I'm assuming you are shooting an practical set with green screen environments. 

Here is what it looks like:

Provincial Credit is 53.5%  eligible labour = 588,500

Eligible labour minus this amount and multiplied by 25% gives you the federal = 127,875

The VFX labour is additionally multiplied by 15% = 60,000

Your budget is now 776,375 funded by soft money. 

PEOPLE WITH MATCH FUNDS PLEASE CALL....

I'M TAKING ORDERS FOR VFX FILMS!