The New Brunswick Film Tax Credit is a refundable tax credit available to corporations that produce film, television or video productions in the province. It is equal to 40% of eligible salaries paid to New Brunswick residents, but cannot exceed 50% of the total production costs.
New Brunswick's Bill 15, An Act to Amend the New Brunswick Income Tax Act,which received royal assent on December 19, 2008, extends the credit to eligible salaries incurred before January 1, 2010. Previously, salaries had to be incurred before January 1, 2009, to qualify.
New Brunswick's film tax credit has once again been extended by one year. The extension intends to help the province's film industry remain competitive and will be welcomed by New Brunswick film producers.
For more film, video and digital media incentives, see PricewaterhouseCooper's The Big Table of Film and Video Incentives and Big Table of Digital Media and Animation Incentives, which will be updated for recent enhancements shortly.