Film and video tax credit
You can register your film corporation with the Newfoundland and Labrador Film Development Corporation, then apply for a tax credit which refunds:
- the lesser of 25% of the total eligible budget, or
- 40% of the total eligible labour expenditures.
There is a single corporation credit limit of $4 million and the tax credit may not exceed 25% of production costs.
Your film corporation must also pay at least 25% of its salaries and wages to residents of the province.