Class 11 Flashcards
what is OFTTC assistance?
a refundable tax credit based upon eligible Ontario labour expenditures incurred by a qualifying production company with respect to an eligible Ontario production
what are these examples describing:
-Grants / donations
* Crowdfunding
* Public or private orgs that give financing in the form of a grant
- Recoupable advances
- Public or private orgs that give financing in the form of a recoupable advance
- First Time Producer Bonus
- Deferrals
OFTTC assistance
what does CPTC stand for?
Canadian Film or Video Production Tax Credit (CPTC
what does OFTTC stand for?
Ontario Film & Television Tax Credit (OFTTC)
what are these examples describing:
- Government equity
*CMF EIP - Some Telefilm funding programs
-OFTTC tax credit
CPTC
what is CPTC?
tax credit provides eligible productions with a fully refundable tax credit, available at a rate of 25 per cent of the qualified labour expenditure.
is this considered assistance for OFTTC or CPTC?
License fees
Not assistance
is this considered assistance for OFTTC or CPTC?
Government equity
Yes
is this considered assistance for OFTTC or CPTC?
Grants/Donations like crowdfunding
Yes
is this considered assistance for OFTTC or CPTC?
License fee top up (CMF LFP)
Not assistance
is this considered assistance for OFTTC or CPTC?
Distribution minimum guarantee
Not assistance
is this considered assistance for OFTTC or CPTC?
CMF Fund, or Telefilm Funds
Yes
is this considered assistance for OFTTC or CPTC?
OFTTC tax credit
Yes
is this considered assistance for OFTTC or CPTC?
Contra, Product Placement, Corporate Sponsorship
No
is this considered assistance for OFTTC or CPTC?
Non-govt equity investors e.g. Rogers Doc Fund, rich aunt
No
