CCH iFirm Tax T2 2020.40.30

Schedule 388, Manitoba Film and Video Production Tax Credit

Part 7 – Frequent filming bonus tax credit
Part 8 – Rural bonus tax credit
Part 9 – Producer bonus tax credit

These three credits are calculated based on the total eligible salaries entered on line 650 of Part 6, “Basic tax credit.” Since the program is not able to determine the corporation’s eligibility to those credits, you must enter the amount on line 650 in each appropriate section in order for the corporation to benefit from the corresponding credit. Entering an amount confirms that the corporation is eligible for the credit concerned. Therefore, make sure it qualifies for this credit before entering an amount in one of the above-mentioned sections.

ClosedPart 11 – Manitoba film and video production tax credit  

Line 900 – Manitoba film and video production tax credit

For an eligible production for which principal photography began after March 31, 2010, the program enters, on line 900, the greater of the amounts from lines 11E, Cost of salaries tax credit and 11F, Cost of production tax credit.

For an eligible production for which principal photography began before April 1, 2010, the program enters, on line 900, the amount from line 11E, Cost of salaries tax credit.

Line 900 can be overridden to change the amount.

See also

T2 Corporation – Income Tax Guide

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