TN Requin and some really unique what we will call ' regional ' credits

'The Movie and Film Business is a cruel and shallow money trench, a long plastic hallway where thieves and pimps run free, and good men die like dogs. There's also a negative side."The above quote has been attributed to quite famous U.S. journalist Hunter Thomson... it's in dispute apparently whether he made these comments on the music industry or film. Quite frankly though, we have made out point.We recently saw a movie called Made in Romania starring Jennifer Tilley. The film has classic elements of a film tax credit scam gone awry in the worst way, from co production to poor planning, etc. So that's our trivia for today, what we really wanted to address was that Canadian Film and Movie tax credits, and their unique financeable features can save you from ending up somewhere along the lines of our analogies above . Canada has made it very clear that it supports the film, TV, and emerging and fast growing digital animation industry by providing a solid finance tax credit mechanism that works. And you're already familiar with the strength and reputation of Canada's government and banking policies, which are world renowned.If you have a Canadian controlled private company (most producers of course set up a special purpose legal entity for each of their productions) you are eligible for tax credits, and have Nike Requin the further ability to monetize those tax credits for cash flow and working capital purposes. We would point out that Sac a main it also includes co productions and various treaty arrangements throughout the world. (We'll have to check if that includes Romania!)So what do these film and movie tax credits include. Essentially when we're talking film and Television were referencing labour expenses ,production costs, and some really unique what we will call ' regional ' credits , which might actually drive where you choose to shoot principal photography, scene locations, etc .Let's provide a quick example, because we receive many calls from U.S. producers always quizzing us on some of the nuances of the system.Let us assume you have chosen British Columbia as a location. The majority of the industry is driven to Vancouver of course, a major metro centre. But by filming outside Vancouver and additional 6% of tax credit becomes available. We suspect it's because of the ability of your production to drive employment and spending in non city areas... but who are we to judge? Ours it to utilize!The reality is that this is Canadian financing of utilization of tax credits requires some expert help, so your ability to align yourself with a Canadian film tax credit financing expert is valuable from a viewpoint of maximizing your claim .How the tides have turned, because the majority of interactive media and film and TV principals in the industry are currently quite bullish according to polls conducted by one of the major accounting firms that specializes in this area. The ability Tn Nike to reach your audience through a variety of media increases everyday.Financing of your claims can be a tremendous boost to your overall production budget from a cash flow perspective. You can finance your claims on completion, or utilize accrual type financing, providing cash flow during your spend.Want to avoid a huge part of film, TV, and digital media budget financing stress. Speak to a trusted, credible and experienced Canadian film tax credit financing advisor. Maximize your credits, and by the way, here's one more great quote about your industry. Let Canadian film and movie tax credits get you to the final destination -->"Shooting a film is like taking a stagecoach ride in the old west. At first, you look forward to a nice trip. Later, you just hope to reach your destination."- Francois Truffaut

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