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article Stan Prokop

Film tax credit resources available in Canada for years. The good news is that this is a highly sought funding has improved in various ways for further improvement in film and television tax credit, which is still animation, multimedia, gaming and film production.

While the tax credit depends on a clear point range ? Film tax credits are not available, and then a bridge loan to finance / factoring method. This ensures full funding of projects to increase the financial capacity of the project, and better yet, go to the next project for additional capital? Government of Ontario recently passed legislation that increased the credit available to computer animation. For example, labor costs, which are trained and vetted, to increase to 100% of the arms length employees who do not have the facilities ? for example -. ?Freelance?

Another significant change is the power to remove the requirement to have eligible projects, the animation and visual effects will not be set up primarily to digital technologies.

Well, that?s good news for the tax credit is available. As the owner of the credit for the production to achieve real cash flow and working capital ? or ?bridge financing? that I mentioned earlier. Like many Canadian business owners and financial managers tend to fund these niche areas in Canada is not common sources of funding. This is the best, like a boutique or niche financing is only a small handful of players participating. The maximum grant in this area with resources and experience true financial advisor to the tax credit expertise. amount financed, or at an advanced stage of the project are generally inclined to claim that 75% of the receivables ? is not hard and fast rule, but this is a generalization based on solid experience. funds represent a combined federal and provincial claim, citing a 75% loan to value. Another great feature of the funding in some cases, funds actually advanced before the final certificate. This of course would not be in all parties, but in no case be a great advantage in some productions. This is common sense to all parties, including financiers to finance receivables more than 200k as a starting point. Many funds, of course, the millions of dollars. In some cases, other funding might be considered as add on ? it?s the technology financing of computers, software, etc.

Tax credit in Canada, especially in the past was the Government of the SR ED program, but it seems the hot new field of animation, games, virtual reality, and the independent film productions.

Customers always ask how long it takes funding. Always estimate two to three weeks of receiving the full cooperation of any program, due diligence, documentation and funding issues. Film tax credit financing or tax relief is usually an incredible way to bridge the funding to raise short-term working capital, etc., talk to an expert who will guide you through this process About the author: Stan Prokop

7th founder of Park Avenue Financial ? Financing http://www.7parkavenuefinancial.comOriginating a Canadian company, working capital, cash flow and asset-based financing company has completed more than 6 years $ 45 million in financing for companies of all sizes. Canadian business information and free consultation and funding availability, see http://www.7parkavenuefinancial.com/canadian_film_tax_credit_financing.html

September 28th, 2011 in Finance | tags: Canadian, Credits, Film, Financing

Source: http://thedealseal.com/financing-canadian-film-tax-credits.html

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