American giant Netflix has entered into an agreement with the federal government to invest $500 million over the next five years in Canada, but will it be eligible for tax credits in Canada? According to our experts Éric Julien, Canadian tax Partner, and Alexandre Laturaze, Tax Manager, the answer is Yes! Netflix will qualify, like any foreign producer, for federal and provincial tax credits for film production services.
$500M or $320M?
Will Netflix have to pay taxes in Canada to benefit from these tax credits? Are all film/TV series producers eligible for these credits? To know more about the Netflix case and related potential tax impacts, read the article published in La Presse+ on October 4, 2017!
10 Oct 2017 | Written by :