Canada: Film tax credit in Alberta

Taxpayers can apply for the Alberta film and television tax credit—a refundable provincial tax credit with respect to eligible Alberta production and labour costs.

The film tax credit was effective 28 January 2020, and was included in Alberta's 2019 budget bill that received Royal Assent in late 2019.

The Alberta film and television tax credit is available to certain corporations that produce eligible screen-based productions in the province. Applicants may apply for either a 22% or 30% tax credit rate, up to a maximum of $10 million* per eligible production. To qualify for the 30% tax credit, productions must meet certain Alberta-based requirements.

Read a February 2020 report prepared by the KPMG member firm in Canada

*$ = Canadian dollar

The information contained in TaxNewsFlash is not intended to be "written advice concerning one or more Federal tax matters" subject to the requirements of section 10.37(a)(2) of Treasury Department Circular 230, as the content of this document is issued for general informational purposes only, is intended to enhance the reader’s knowledge on the matters addressed therein, and is not intended to be applied to any specific reader’s particular set of facts. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. Applicability of the information to specific situations should be determined through consultation with your tax adviser.
 

KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever.
 

Direct comments, including requests for subscriptions, to Washington National Tax. For more information, contact KPMG’s Federal Tax Legislative and Regulatory Services Group at + 1 202.533.4366, 1801 K Street NW, Washington, DC 20006-1301.
 

To unsubscribe from TaxNewsFlash-United States, reply to Washington National Tax.
 

Privacy | Legal