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Tax Credit

Tax Credit for the Production Sound Recordings

A society which, in the taxation year, has an establishment in Québec and carries on business of producing sound recordings may, under certain conditions, claim a tax credit for eligible labor expenditures it has incurred in relation to the production of a qualified property. Eligible property can be an eligible sound recording, an eligible digital audio-visual recording or a qualified clip for which the Cultural Industries Development Corporation (SODEC) issued a favorable advance ruling or certificated.

  • 4.5/5.0
  • Québec. Revenu Québec
  • All levels
  • Last updated 3 years ago
  • English
Description
A society which, in the taxation year, has an establishment in Québec and carries on business of producing sound recordings may, under certain conditions, claim a tax credit for eligible labor expenditures it has incurred in relation to the production of a qualified property. Eligible property can be an eligible sound recording, an eligible digital audio-visual recording or a qualified clip for which the Cultural Industries Development Corporation (SODEC) issued a favorable advance ruling or certificated.