Quebec Relations

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This site presents translated summaries of information obtained from each funding body’s website. While we strive to ensure that all program information is as accurate and up-to-date as possible, we encourage users to consult each funder’s program documentation in full or to contact a program officer directly with any questions prior to submitting an application.

Refundable Tax Credit for the Production of Sound Recordings

Crédit d’impôt remboursable pour la production d’enregistrements sonores

DESCRIPTION

This program reduces the burden of production costs assumed by companies so as to encourage their capitalization and allow them to free up new financial resources to improve the stages of creation, preproduction, marketing and promotion.

CRITERIA

Open to: Record labels

 

  • To be eligible for the tax credit, applicant companies must be recognized by SODEC or have reached an agreement regarding a given recording with another record company that is recognized by SODEC
  • To be recognized by SODEC, applicant companies must meet the following conditions:
    • The applicant company has, at any point over the tax year or the 365 days preceding the start of that year, at least five sound or digital audiovisual recordings (or equivalent downloads) distributed in retail establishments via one of its labels
    • The applicant company has brought to market, during the tax year or in the 730 days preceding the start of that year, at least three new sound or digital audiovisual recordings (or equivalent downloads) via one of its labels
    • The applicant company has, at any point during the year, an active distribution agreement for all of its labels, with one or more distributors
  • Sound recordings, digital audiovisual recordings, and music videos are eligible
  • To be eligible for the tax credit for a recording in a given tax year, the applicant company must submit an application to SODEC for a certificate before the end of the tax year and then submit SODEC’s certificate along with its tax return
  • Applications for a certificate for a given recording must be submitted to SODEC within 18 months following the tax year in which the master recording was completed
  • Eligible production work for sound recordings includes all stages from the conception of the work to the completion of the master recording, including sleeve design, mastering, and pressing costs within 18 months of release, up to 20,000 copies
  • Eligible production work for digital audiovisual recordings includes all stages from the conception of the work to the completion of the master recording, including authoring, sleeve design, mastering, and pressing costs within 18 months of the release of a recording, up to 20,000 copies
  • Eligible production work for a music video includes all stages from the conception of the video to the completion of the master recording

EXPENSES

  • Production costs, as long as they are considered reasonable and are included in the applicant company’s costs or capital costs of production for the recording
  • Production fees, administrative costs
  • Wages, salaries, or other forms of remuneration directly attributable to production

DOCUMENTS

Get In Touch With Your Agent

SODEC – Music and Variety

musique.varietes@sodec.gouv.qc.ca

SODEC – Music and Variety

musique.varietes@sodec.gouv.qc.ca

Click the funder’s logo to see the program’s official documentation. Please note that official documentation for some programs is only available in French.