TAXES.CA - The Canadian Tax and RRSP Homepage TAXES.CA - Your source for tax information in Canada
Canadian Tax BlogDirectory of Canadian Tax ProfessionalsCanada Tax and RRSP Information
Canadian Tax and RRSP Blog

April 20, 2005

Digital Animation or Visual Effects Tax Credit - Update

The Government of British Columbia has updated its bulletin on the Digital Animation or Visual Effects Tax Credit (April 2005), providing more detailed guidance with respect to the legislation.

Bill 7, Income Tax Amendment Act, 2003 amended the Income Tax Act to provide the legislative framework for the Digital Animation or Visual Effects (DAVE) tax credit.

"The DAVE tax credit program provides refundable tax credits on a corporation’s digital animation or visual effects activities that qualify for either the basic Film and Television tax credit or the Production Services tax credit. These credits are claimed when filing the T2 Corporation Income Tax Return, and are refundable to the extent they exceed the corporation’s income tax payable."

For more information, see:

Posted by Editorial Team [permalink]

TAXES.CA provides taxation and personal finance information. The view and opinions expressed by authors in our postings are not necessarily those of TAXES.CA. Information on this site should not be construed as investment advice. For taxation and financial planning advice users are advised to consult a professional. For additional information visit TAXES.CA's Terms of Service.

Copyright 2005-19 TAXES.CA  |  IMPOTS.CA | About Us  |  File Your Taxes  |  Privacy Policy  |  Terms of Use  |  Contact Us