Line 797 - Film or video production services tax credit
Line 797 - Film or video production services tax credit
A fully refundable tax credit is available to eligible production corporations for a film or video production certified by the minister of Canadian Heritage to be an accredited production.
Eligible production corporations do not include those that, at any time in the year, are tax-exempt, are controlled by one or more tax-exempt entities, or are prescribed labour-sponsored venture capital corporations.
The credit is equal to 16% of qualified Canadian labour expenditures for the year.
Note
Qualified Canadian labour expenditure is net of any
assistance.
For more information, see Guide RC4385, Film or Video Production Services Tax Credit, or go to canada.ca/taxes-film.
To claim the credit, file the following items with your return for the year:
-
an Accredited Film or Video Production Certificate, or a copy issued by CAVCO
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a completed Form T1177, Film or Video Production Services Tax Credit, for each accredited production
If you file your return electronically, see information on T2 Attach-a-doc on page 12.
If you file a paper return, send the return and required attachments to your tax centre. To find your tax centre, go to canada.ca/cra-tso-contact-information.
On line 797, enter the amount of the credit from Form T1177. If you are filing more than one of these forms, enter the cumulative total.
You cannot claim the film or video production services tax credit if you claim the Canadian film or video production tax credit for that same production for any tax year.
References
Section 125.5
Regulation 9300
RC4385, Film or Video Production Services Tax Credit
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