OCASE

• OCASE is based on your fiscal year. Your claim must be based on actual expenditures, not projections, so you should submit your claim after the close of your financial year when all eligible activities are completed and a copy of the work done is available. You may include any eligible productions with work done in that fiscal year, so there may be several projects claimed. If one production spans several years, you may include it on successive applications, as long as you claim only actual payments made within the fiscal period relevant to each application.

  
  

  Where you have commenced your animation or visual effects work on a production on or after March 26, 2024, you must have incurred a minimum of $25,000 in eligible Ontario labour expenditures for each film or television production for which the OCASE tax credit is claimed. The minimum labour expenditure threshold must be incurred in the taxation year of the claim or cumulatively between the taxation year of the claim and the previous taxation year. Once a qualifying corporation incurs the minimum labour expenditure threshold within up to two taxation years for a specific production, expenditures related to that production in those taxation years and any subsequent taxation years are eligible.

  
  

  Ontario Creates does not impose a deadline for OCASE applications, but there are taxation deadlines that may preclude receiving a tax credit for your year. Please check in with the Canada Revenue Agency if you’re unsure whether you’re still eligible to file or amend your corporate tax return. (Canada Revenue Agency Film Services Unit: (1-833-446-0934)

  Please note: there is an additional filing fee of $100 applied to applications for Certificates of Eligibility received more than 24 months after the year-end of the claim.