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Vancouver, British Columbia, Canada
Founder of SoKap, crowdsourcing and crowdfunding go to guy, indie filmmaker, father, mustard maker, meat lover, pseudo vegetarian, devout humanist and overall good moralist.

Apr 26, 2008

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.

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. 



1 comment:

LaBlogga said...

Hi David,

Thanks for your comment on my blog re: timebanks. There is some more information about timebanks at TimeBanks.org and if you search on timebank in general.

re: your interest in innovative film finance, you may be aware of P2P film funding site, A Swarm of Angels.

Also being in Vancouver, you might be interested in meeting a colleague of mine, Johann Gevers, another futurist with interests in economics, finance and innovative business models.