Edmonton Film or Video Production Services Tax Credit & Accountant
Bomcas Canada is Edmonton Film or Video Production Services Tax Credit Accountant. In Canada, the supply of film or video production services is accomplished through the operation of a permanent establishment. The Film or Video Production Services Tax Credit (PSTC) is a refundable tax credit designed to encourage the hiring of Canadians by taxable Canadian corporations or foreign-owned corporations (the “eligible production corporation”) whose primary activities in the year are the operation of a film or video production business or the provision of film or video production services through a permanent establishment in Canada. The PSTC is available to eligible production corporations that hire Canadians during the year. In accordance with the Production and Services Tax Credit (PSTC), qualifying production companies that employ Canadians in the course of their normal operations are eligible to receive a tax credit. It is possible that a corporation, in exchange for hiring Canadian citizens and permanent residents to work in Canada, will be eligible for a tax credit in the country in which the corporation is headquartered. Working jointly, the Department of Canadian Heritage (DCH), the Canadian Audio-Visual Certification Office (CAVCO), and the Canada Revenue Agency (CRA) oversee the administration of the PSTC programme, which is supported by the federal government (CRA).
No comments:
Post a Comment