What Is It?
The OCASE Tax Credit is a refundable tax credit based on eligible Ontario labour expenditures incurred by a corporation for computer animation and special effects activities.
The OCASE Tax Credit may be claimed on eligible expenditures in addition to the Ontario Film and Television Tax Credit or the Ontario Production Services Tax Credit.
How Much Is The Tax Credit?
The OCASE Tax Credit is calculated as 20% of the eligible Ontario labour expenditures with respect to eligible computer animation and special effects activities. There is no cap on eligible Ontario labour expenditures.
Who Is Eligible?
A qualifying corporation is a Canadian corporation that is Canadian or foreign-owned, has a permanent establishment in Ontario and files an Ontario corporate tax return. Qualifying corporations may include animation or visual effects houses, post-production houses and film and television production companies which perform eligible computer animation and special effects activities.
What Activities Are Eligible?
Eligible computer animation and special effects activities are activities carried out in Ontario directly in support of the production of animation or visual effects for use in productions.
Eligible computer animation and special effects activities include designing, modelling, rendering, lighting, painting, animating and compositing but do not include activities that are scientific research and experimental development.
What Expenditures Are Eligible?
On October 17, the long awaited “Jenkins Report” on R&D in Canada was presented to the federal government. While the scope of the report was on all government R&D programs, there were a number of recommendations to government on the SR&ED program specifically. Since the SR&ED program is very important to Espresso Capital, we wanted [...]
Vancouver and Toronto, Nov 27, 2011– Espresso Capital Partners, a provider of alternative financing for growth companies in Canada, announces the first closing of its second Fund based on financing government tax credits . The $30-million Espresso Tax Credit II Fund was created in response to increasing demand from technology and digital media companies for funding [...]
Canada’s SR&ED program is currently being reviewed by the federal government and your input is important. Help us keep SR&ED intact – tell the federal government how it’s important to your company In December 2010, the federal government convened an Expert Panel to review federal support of Research and Development in Canada. Several organizations provided input [...]
Like the alien plant in Little Shop of Horrors that was always demanding “Feed Me, Seymour”, technology startups constantly gobble cash. The CEO’s top priority is to continually feed this beast. This means that overriding the operation of any tech startup is the every-present need for more money. As illustration, let’s run through the finance [...]
After reading the article by Barrie McKenna entitled “Flawed R&D scheme costs taxpayers billions” (http://bit.ly/fHCJFo) in the Globe and Mail’s March 11, 2011 edition, I believe there are some truths and some misconceptions. Mr. McKenna writes, “And the low risk of getting caught means too much of the money winds up in the hands of [...]
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