The OCASE Tax Credit is a refundable tax credit based on eligible Ontario labour expenditures incurred by a qualifying corporation during a taxation year with respect to eligible computer animation and special effects activities.
Refundable tax credit calculated as 20% of the eligible Ontario labour expenditures.
- 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
- Salaries and wages
- 50% of remuneration paid to freelancers who are individuals or partnerships for qualifying expenditures incurred before March 27, 2009
- 100% of remuneration paid to freelancers who are individuals, partnerships, or arm’s-length incorporated individuals, for qualifying expenditures incurred after March 26, 2009
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. Eligible productions are productions for commercial exploitation not in an excluded genre, or productions for which financial support would be contrary to public policy.