NEWLY EXPANDED BRITISH COLUMBIA TAX CREDITS available for productions!

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GRAPEVINE PICTURE WORKS, INC. is pleased to provide this summary report highlighting the recently announced British Columbia expanded tax credits (2008).

With more than 25 years experience in the film industry, Grapevine is the only full production service company established to support regional filming activities utilizing the tax credits. With extensive, reputable knowledge and contacts within the Interior regions of British Columbia, Grapevine is well positioned to ensure your regional film experience is a complete success.

Let us know what you need. We'll help make it happen.


NEW BC DISTANT LOCATION REGIONAL TAX CREDIT ZONE:

The Distant location regional tax credit (an additional 6%) is eligible for productions that can be shot within the interior (beyond Hope and Whistler and excluding the Capital Regional District (Victoria area)), thus bringing regional tax credits to 18.5% for BC productions, and 12% for foreign (see info below). Those shooting within the traditional regional zone (outside lower mainland but within Hope, Whistler and Victoria boundaries) can still qualify for the basic regional 6% credit.


NEW BC TAX CREDITS ON FOREIGN PRODUCTIONS:

Basic Provincial tax credit:
25% (up from 18% pre-2008) Regional (6%) + New Distant Regional (6%) = 12% (up from 6% pre 2008)

There has been a 40% increase in combined provincial & regional tax credits available for foreign productions coming to BC. The Provincial credit is up to from 18% to 25% in 2007, while the existing BC regional tax credits (6%) have expanded with the introduction of a new Distant Location Regional Tax Credit (6%) - therefore doubling the amount producers can get for shooting in the interior of BC (12% total regional). (See below for description of the new Distant Location Regional Tax Credit zone)


NEW BC TAX CREDITS ON CANADIAN PRODUCTIONS:

Basic Provincial tax credit: 35% (up from 30% pre-2008) Regional (12.5%) + New Distant Regional (6%) = 18.5 % (up from 12.5% pre 2008) For local BC controlled productions that are willing to shoot in the Distant Location Regional zone, their new regional tax credits (Regional + New Distant Location Regional) alone is worth 18.5% (whereas in 2007 it was only 12.5%). (See below for description of the new Distant Location Regional Tax Credit zone). The basic BC Provincial credit is now up to 35% (from 30% in 2007) for local productions. By combining the above with the existing Federal tax credits, foreign and local producers are now in a position to benefit more than ever before by shooting in British Columbia.

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GRAPEVINE PICTURE WORKS

Grapevine Picture Works can assist your production from initial research through to post-production needs and distribution. Our services include:

  • Project development / research / location scouting / surveys
  • Production administration, including tax credit admin
  • Full international sales and distribution division
  • Strategic alliance with Post production and visual effects studios
  • Co-production partnerships
  • crew/casting assistance
  • Publicity and marketing consulting
  • Regional equipment / supplier outsourcing
  • Community / Government relations consulting
  • Contract negotiation


    • Contact Us for more information.