Financing Tax Credits In Canada For Sred And FILM And Digital Media : Showing You The Money

Sred & Film Tax Credit Financing In Canada : Your Share Of The (Boodle, Clams, Dinero, Gelt, Kale, Lettuce, Lolly, Moolah, Pelf, Shekels, Simoleons, Wampum, Loot, Dough, Bread, Cabbage, Sugar, Scratch ) Money !

OVERVIEW – Information on financing refundable tax credits in Canada. Bridge Loans for Sred and Film and Digital Media Credits access critical cash flow you need today . Eliminating the ‘wait factor’

Financing refundable tax credits in Canada (sred / film / digital media)
continues to be immune from the recent front page headlines in Canada's busines press. Those headlines ' screamed' that (in the case of SR&ED) those generous R&D tax credits were in ' crackdown ' mode from Ottawa.

The actual title of the article was ' Ottawa's Generous Loans... Crackdown' and focused specifically on Canada's SR&ED program , which is one of the most generous and poplar 'subsidies ' in Canadian business . From our perspective the term ' loans' is a misnomer, business actually only receive a refundable tax credit. It's of course your decision to finance that refund instead of waiting for it. Let's dig in.

Time will tell if there is in fact a crackdown' on the popular R&D program which provides billions to thousands of firms year in and year out. Some experts say that amount is currently in the 3 Billion $ range and has in fact been higher in the past. The program is clearly the largest business subsidy in Canada.

Canadian firms who access the program are keenly familiar with all the changes that happened in 2012, including streamlining the application process while at the same time limiting some of the key deductions.

Any SR&ED tax credit refund can be financed - it's simply a matter of ensuring you have a legitimate claim prepared by a solid SR ED consultant, those third parties that dominate the industry as it pertains to claim preparation. It certainly helps when your consultant is recognized as someone who can show your claim is not too aggressive and therefore not subject to challenge/audit.

Many firms in fact are challenging the govt on what seems like the new ' austerity ' of SR ED approval. The irony, as pointed out in the article is that the govt seems more focused on direct loans as opposed to R&D tax credits

FILM/DIGITAL MEDIA CREDITS:

Canadian Tax credits in film and digital media also have gotten their fare share of publicity lately. In Nova Scotia for example the entire program seems under attack- with the govt reducing the tax credit budget to 6 Million... down from 24 Million!

Again, while any film/media credit is financeable there seems to be less to finance these days! Naturally the debate always continues as to how much the govt and Canada as a whole benefits from jobs, economic activity from the entertainment industry. Ontario for example spends hundreds of millions on film/digital credits. These credits financed almost half of the film and TV budgets based on figures from a few years ago.

Film and TV projects in Canada are akin to our friend Sisyphus’ journey.

Producers must sell rights; produce their shows raise equity, finance print and media advertising, etc. Stats show that on a sample 300k TV show production almost 50% can be covered off by federal and provincial tax credits.

So while the debate rages on remember that any legitimate SR&ED and film tax credit is financeable. Typical financing is structured as a bridge loan to your company or project (in the case of film/media) for 70% of the total of your SR ED or film tax credit certificate.

If you're looking to finance film, sred, or digital media credits seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can assist you with your cash flow needs.



7 Park Avenue Financial :
http://www.7parkavenuefinancial.com

Business financing for Canadian Firms , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded 2004 - Completed in excess of 100 Million $ of financing for Canadian corporations . Info /Contact :

7 PARK AVENUE FINANCIAL = CANADIAN SR&ED AND FILM TAX CREDIT FINANCING EXPERTISE




7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8

Direct Line = 416 319 5769

Office = 905 829 2653



Email = sprokop@7parkavenuefinancial.com


' Canadian Business Financing With The Intelligent Use Of Experience '

ABOUT THE AUTHOR
Stan has had a successful career with some of the world’s largest and most successful corporations.
Prior to founding 7 Park Avenue Financial in 2004 his employers over the last 25 years were, ASHLAND OIL, ( 1977-1980) DIGITAL EQUIPMENT CORPORATION, ( 1980-1990) ) CABLE & WIRELESS PLC,( 1991 -1993) ) AND HEWLETT PACKARD ( 1994-2004 ) He is an expert in Canadian Business Financing.

Stan has over 40 years of business and finance executive experience. He has been recognized as a credit/financial executive for three of the largest technology companies in the world; Hewlett-Packard, Digital Equipment and Cable & Wireless. Stan has had in depth, hands on experience in assessing and evaluating thousands of companies that are seeking financing and expansion. He has been instrumental in helping many companies progress through every phase of financing, mergers & acquisitions, sales and marketing and human resources. Stan has worked with startups and public corporations and has many times established the financial wherewithal of organizations before approving millions of dollars of financing facilities and instruments on behalf of his employers.









Stan Prokop

Overcoming Canadian Movie & Digital Media Finance Challenges – Let Film Tax Credit Financing Be the Final Piece of the Puzzle!

Use Canadian Tax Credits For Film, Tv and Digital Media to Maximize Production ( or co-production ) Success


Information on film tax credit financing in Canada and how the monetization of your movie television, or digital media tax credit can enhance your production finance strategy .



Looking for one of the biggest understatements in town? How's this ... Financing movie, television and digital media productions is a challenge. Can you beat that one?!

Rather than talk about the challenges, clients tell us they want solutions! No surprise there. So let’s talk about one of the most obvious solutions - utilizing film tax credits for your projects in movies, TV and digital media.

Canada continue to be the beneficiary of what many industry pundits call ' Runaway ‘productions ... simply speaking ... they are shown all over the world but made and financed here in Canada for some great reasons.

Film tax credits reduce the cost of your project. It's as simple as that. Call it a government subsidy, call it a non repayable grant, but call it! There are a number of factors that make Canada a great place to product and finance your production - our focus today is the film tax credit but clearly things like foreign exchange, our geography, skilled media labour... etc all fall into place with respect to Canada's current success .

It’s quite obvious that film tax credit financing in movie, TV and digital media has played a large part in the growth of the industry, aka ' Hollywood North. In the real Hollywood, aka California there is even a movement afoot to abolish film tax credit s.

So why are these tax credits available? Simply because the combined federal and provincial government authorities have made a long term commitment to the industry... they might call it strategic... we're just grateful.

Film tax credits are available in 9 out of the ten Canadian provinces. New Brunswick, one of Canada's ten provinces is phasing out the credit.

Unlike the U.S. the Canadian structure and types of credits do not vary significantly... they vary somewhat but we wont quibble about a few per cent here and there. The bottom line is that the Canadian film tax credit is non repayable, and generous.

In British Columbia alone the film TV and digital media industry is a solid 1 Billion dollars of the gross provincial economy. Naturally the better known centres of production in Canada are Vancouver, Toronto, and Montreal. Using Vancouver as an example the B.C. tax credits reimburse over 35% of your labour cost. Productions that qualify for Can Con (Canadian content) receive 25% of labour costs from the federal portion of the tax credit. Over 200 Millions dollars has been awarded in recent times.

Ontario as an example has a 20% computer animation and special effects tax credit and a 40% interactive digital media credit.

We hate to be called ' game players ' but guess what, digital media tax credit financing is growing, and quickly. The industry is predicted to grow 20% a year for the next few years! Canada is the third largest digital media and game producer of talent in the industry. Financing of the Digital Media Tax Credit is a key factor in the growth of the industry.

The maximum tax credit for film and TV in Quebec is 65%!

One key element of the industry that is growing rapidly is the digital animation and special effects via interactive digital media content.

Another noteworthy trend is that European and Canadian co productions are growing. Many U.S. and European producers find funding in Canada to round out the financing of their projects.

As independent film productions continue to grow... in budget size! it of course makes more sense to use the generous Canadian film tax credits. England, France and Germany have long had co production treaties with Canada. Producers are well encourage to further investigate co production treaties in place, allowing them to access valuable an solid Canadian funding for their project via the film tax credit .


Bottom line; consider both investigating and financing your film tax credit and digital media credits. Financing can be achieved via a financing of your approved credit, or in many cases an accrual type of financing can be utilized to accelerate the cash flow during production of your project. And in our experience that tax credit financing enhances your ability to complete the debt and equity portions of your project. Speak to a trusted, credible and experienced Canadian business financing advisor for tax credit finance assistance... today!




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 7 years - has completed in excess of 80 Million $$ of financing for Canadian corporations . Core competancies include receivables financing, asset based lending, working capital, equipment finance, franchise finance and tax credit financing .Info re: Canadian business financing & contact details :


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