Professional Accounting Service in Vancouver

Buckley Dodds Parker LLP provides state-of-the-art accounting, audit, tax and advisory services to a wide range of business and personal clients – from very small owner-managed businesses to public companies.

Film Tax Credits

Attention: Producers and Production Accountants We just would like to remind you that aside from being a full service accounting firm, we also specialize in the preparation and filing of Federal and Provincial Film Tax Credits. We have been in the industry of providing accounting, auditing and specialized tax services to individuals, corporations, charitable institutions and non profit entities for the past 25 years.
Specifically, we have over 13 years experience in the film industry and during that time have identified many pitfalls that C.R.A. will zero in on in evaluating your film tax credit applications. For example:

• Shareholder loans – unless the loan from the shareholder is structured properly, C.R.A. will treat this as assistance and not financing thus reducing or even eliminating your tax credit.
• Other income – if your corporation has other income or other activities over and above the producing of the specific qualified film, this may throw your entire company offside and all credits will be denied,
• Productions costs – C.R.A. will compare your production costs reported on your Federal claim to that reported on you Provincial claim. If they are the same you will likely be singled out for audit as production costs are calculated slightly differently for Federal and Provincial claims.

If you are producing or are planning a feature film, a TV pilot or any other production eligible for film tax credits, please get in touch with us and we can assist you in avoiding problems in applying for your credits as well as assisting in any other accounting or tax matters you may have.
If you would like to have further information contact one of our film tax specialists below.