Posted by Dave on June 16, 1999 at 03:00:43:
In Reply to: Re: Anonimouse. Or what nonunion bosses say to each other. posted by Dave on June 15, 1999 at 21:41:31:
Here is a piece of what I got off the site. There is a thing called PSTC that claims to give an 11% tax credit to companies that use Canadian labour but of course it is TOTALLY UNAVAILABLE TO CANADIAN COMPANIES THAT DO AMERICAN WORK.
A. 2 The primary objective of the tax credit is to encourage CANADIAN
PROGRAMMING and to stimulate the development of an active domestic
production sector. The FTC program gives a tax credit to all qualified
producers of eligible productions, and eliminates the need for complex tax
shelter schemes that reduce financial help for producers. Canadian control
requirements ensure that the incentive is available only to Canadian
The FTC program gives a refundable tax credit of 25% of qualified labour
expenditures incurred, after 1994 (91 being the year Dave headed down to LA, bastards), by a qualified corporation for the
production of a Canadian film or video production.
The 25% CLAIMED as a labour refund even if you were Canadian is only on labour costs so if you had someone making 50 thousand Canadian ($10 American) you get to claim back a percentage of your ( labour only outlay). The fine print is The maximum credit
available is limited to 12% of production costs. That means that you could write of (if you were working on a Canadian production since that is what it takes to be *accredited*) you might get to write of 25% of that 12%. Wow, Gosh, that sure is huge. I mean , with the average film costing around 50,000 Canadian you could imagine the huge dollar amounts flooding back to you . HAHAHAHAHAHAHAHAHA!!!!
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