Tax Credit
Film and Video Tax Credit
The Film and Video Tax Credit is a refundable provincial corporate income tax credit that supports eligible film, television, and video productions in Newfoundland and Labrador. The credit covers 40% of eligible local labour costs, up to a maximum of 25% of total production costs, with a maximum credit of $5 million per corporation for eligible productions beginning on or after July 1, 2021.
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Description
The Film and Video Tax Credit is a refundable provincial corporate income tax credit that supports eligible film, television, and video productions in Newfoundland and Labrador. The credit covers 40% of eligible local labour costs, up to a maximum of 25% of total production costs, with a maximum credit of $5 million per corporation for eligible productions beginning on or after July 1, 2021.
- Support the production of eligible film, television, and video projects in Newfoundland and Labrador by encouraging local employment, investment, and industry growth through a refundable corporate income tax credit.