New Brunswick film tax credit

Note

The New Brunswick film tax credit is eliminated, except for projects for which the pre-approval application was made before April 6, 2011

Previous rules 

The New Brunswick minister of Finance has been issuing a tax credit certificate to corporations producing an eligible film in the province.

The amount of the credit cannot be more than 40% of the amount of eligible salaries paid in the tax year.

Since January 1, 2010, an additional 10% regional bonus is available for eligible productions for which more than 50% of the principal photography is done more than 50 kilometres from the city hall of Moncton, the city hall of Fredericton, and the city hall of Saint John.

The credit is subject to all of the following conditions:

  • the tax credit applies to eligible salaries incurred before January 1, 2020 (but the pre-approval application for the project must have been made before April 6, 2011)
  • an eligible corporation must, for each eligible project, pay at least 25% of its total salaries and wages to eligible employees
  • the tax credit applies only to that portion of eligible salaries that is not more than 50% of the total production costs of the eligible project less the amount of production costs funded by the province

This credit is fully refundable, but must first be applied against total taxes payable.

Claiming the credit

Enter the amount of the credit earned in the current year on line 595 of Schedule 5, Tax Calculation Supplementary – Corporations.

If there is only one certificate, enter the certificate number on line 850.

If there is more than one certificate, complete Schedule 365, Additional Certificate Numbers for the New Brunswick Film Tax Credit.

Supporting documents – File the original tax credit certificate (or a copy) with your return.

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