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Corporate income tax special notice Vol. 5 No. 55 : Film and Television Tax Credit 2020

Description

As announced in Budget 2019, the Government of Alberta’s continuing support of the film industry is moving from grant-based support to a tax credit program.

The Film and Television Tax Credit Act (FTTC Act) was enacted as part of the Fiscal Measures and Taxation Act, 2019, which was proclaimed in force effective January 28, 2020. The FTTC Act established the Film and Television Tax Credit (FTTC), a new refundable tax credit for corporations. Sections 26.94 has been added to the Alberta Corporate Tax Act (ACTA) in order to implement the FTTC. The former Screen-based Production Grant is now closed.

Updated

February 20, 2020

Tags
corporate income tax film and television tax credit screen-based production grant

Title and publication information

Frequency

Irregular

Publisher / Creator Information

Publisher

Treasury Board and Finance

Place of Publication

Edmonton

Subject Information

Topic
Government
Spatial Coverage

Alberta

Resource Dates

Date Created

2020-02-20

Date Added

2020-02-20T17:10:56.984455

Date Modified

2020-02-20

Date Issued

2020-02-20

Audience information

Identifiers

Usage / Licence

Contact

Contact Name

Treasury Board and Finance. Tax and Revenue Administration.

Contact Email

tra.revenue@gov.ab.ca