The province is now accepting applications for this new refundable tax credit
Taxpayers can now apply for the Alberta Film and Television Tax Credit, which offers a refundable provincial tax credit certificate on eligible Alberta production and labour costs. The credit entered into force on January 28, 2020. This measure was included in Alberta's 2019 budget bill, which 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.
For more information, contact your KPMG advisor.
Information is current to February 11, 2020. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour 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. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500
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