Tax Rebates for Producers

Ontario has opened the way for local producers to receive a tax rebate on development costs incurred on scripted film and TV series.

The one-year $10 million Intellectual Property Development Fund will refund 30% of costs up to $150,000 absorbed by indie producers to possibly get screen-based content into production and marketing.

Ontario producers may also receive a 10% bonus up to $20,000 for expenditures made between March 31, 2009 and March 31, 2010.

Eligible projects include TV series, film, mobile content, video games and Internet properties.

The OMDC will begin accepting applications for the new fund in January.