Looking For Canadian Tax Credits For Film Financing?

The train has just left the station and unfortunately your project isn’t on it? We're of course referring to the fact that you might be missing out on Canadian tax credits for film financing.

While many states in the U.S. and in other parts of the world also can only currently describe their film tax credit programs as mild disarray Canada's robust tax credit program for film finance is dead on track for being generous, robust, and, in our clients opinion well administered and funded .

Utilizing Canadian film and video production services tax credits can be the final piece of your financing puzzle as you cobble together debt, equity, and tax incentives to complete the financing of your project. The new paradigm of film financing (we’re also talking of course about television and digital animation projects) is to do the best you can with any number of finance vehicles to complete your project. The economic meltdown of 2008 and 2009 is behind us, things are looking up, but unfortunately there is left a bit of scorched earth as the landscape for independent film financing has eliminated many finance firms, hedge funds, and banks who participated in this entertainment financing.

But through all that the Canadian tax credits for film financing not only stayed intact, they got more generous, and most would agree are efficiently administered. And when you take those tax credits and utilize them as a key part of your financing strategy then you've got a winning combination.

The Canadian government uses provides these tax credits to attract productions such as yours - their own reasons , whether they be cultural, economic, employment , etc are for academics and tax payers to debate - all you have to do is utilize these credits to the maximum for your own projects success .

In the past the entire approval and financing of the Canadian tax credits for film financing was viewed as cumbersome. Boy has that changed. With the aid of a Canadian film tax consultant you can very quickly assemble a competent team which would include an entertainment accountant who can validate your budgets and spends, and at the same time help you navigate the whole tax credit certification process.

With a proper team in place, and having your other debt and equity lined up, you can actually cash flow the credit prior to your project completion - that simply provides you with cash flow and working capital for your project. Typical tax credits on a per cent age basis can actually be 30-45% of your entire project. We repeat - 30 -45%!

So whats our bottom line again? We think its quite simple - don’t let the Canadian tax credits for film financing train leave the station without your project on board! Speak to a trusted, credible and experienced Canadian business financing advisor in film tax credits who can help you cash flow and monetize your project.
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Stan Prokop - founder of 7 Park Avenue Financial -

http://www.7parkavenuefinancial.com

Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 6 years - has completed in excess of 50 Million $$ of financing for Canadian corporations .Info re: Canadian business financing & contact details :


http://www.7parkavenuefinancial.com/canadian_tax_credits_for_film_financing.html