CS260 Lecture Notes - Lecture 8: Cultural Mandate, Capital Cost Allowance, Tax Shelter
Document Summary
1982 and 1995: investors could deduct up to 100% of the costs of their investment in a. Example, if a company paid 100,000$ to make a move, they would not have to pay any tad on the 100,000$ This is called a tax shelter , because it shelters the company from tax. Con: does not help to improve quality. Now a 25 % refundable tax credit of the labour costs but are capped, and up to 15% totally costs on a lm or tv production in canada. Only for eligible canadian-owned nd or video production companies. Determined by cavco is the body that examines if the companies are eligible for. Cavco is the body that administrates tax reductions. Will look a speci c requirements later on; canadian owned lm company. In 2008 there was 180 million dollars that was not taxed to lm production, so the government was out 180 million dollars that they would have had.
