Intermediate Production Accounting & Tax Credits

ABOUT

This 3-day workshop provides you with in-depth and practical information on production financing and accounting.

  • Create a budget, a financing plan and cash flow reports
  • Understand tax credit eligibility requirements
  • Get hands-on experience fulfilling required elements of applications to Ontario Creates, CAVCO and CMF—from development to final reporting
  • Learn how to wrap production financials

IMPORTANT NOTE: If you have taken the Production Accounting & Tax Credits module of the Media Business Essentials program as taught by Lisa Broadfoot and Lori MacIndoe (in early 2021), please know that this course will follow the same format and basic curriculum, but will delve deeper into each of the topics.

Our Intermediate Production Accounting and Tax Credits Workshop delves deeper into the role of the Production Accountant and the staff of a typical production accounting department.

In this workshop series, you will participate in interactive discussions and exercises covering the methods and procedures used by a media production accounting department.

You will also learn about business structures, budgets, cash flows, controlling costs through cost reports, the workflow of the accounting department, applying for and estimating the refundable tax credits, and the eligibility requirements and application processing for funding agencies such as the Canada Media Fund.

This program will be taught IN PERSON @ Centennial Story Arts Centre (951 Carlaw Ave. @ Mortimer).

This program is also offered via Zoom.

YOU MUST HAVE ACCESS TO EXCEL SOFTWARE TO PARTICIPATE IN THE EXERCISES IN THIS PROGRAM

DATES

This program is comprised of three sessions:

  • Saturday June 3, 2023
  • Saturday June 10, 2023
  • Saturday June 17, 2023

Each day is 9:30am - 4:30pm with an hour lunch (approx).

IMPORTANT NOTE: If you have taken the Production Accounting & Tax Credits module of the Media Business Essentials program as taught by Lisa Broadfoot and Lori MacIndoe (in early 2021), please know that this course will follow the same format and basic curriculum, but will delve deeper into each of the topics.

**YOU MUST HAVE ACCESS TO EXCEL SOFTWARE TO PARTICIPATE IN THE EXERCISES IN THIS PROGRAM**

‍REGISTRATION DEADLINE

Registration deadline:  Sunday May 28, 2023 (11:59pm Toronto time).

LOCATION

This workshop will be held at:

Centennial Story Arts Centre

951 Carlaw Ave (at Mortimer)

*This program is also offered via Zoom.

ELIGIBILITY

The WIFT Toronto Intermediate Production Accounting and Tax Credits workshop series is recommended for those who have moderate/working knowledge of production accounting and/or financing. People who have taken the Production Accounting and Tax Credits and/or the Business Affairs and Finance module in our Media Business Essentials intensive will find this workshop builds on those modules.

This workshop is open to ALL; WIFT Toronto members and non-members, regardless of gender expression.

Please note that this workshop is not affiliated with any training required to upgrade your accounting department category in the Directors Guild of Canada.

IMPORTANT NOTE: If you have taken the Production Accounting & Tax Credits module of the Media Business Essentials program as taught by Lisa Broadfoot and Lori MacIndoe (in early 2021), please know that this course will follow the same format and basic curriculum, but will delve deeper into each of the topics.

**YOU MUST HAVE ACCESS TO EXCEL SOFTWARE TO PARTICIPATE IN THE EXERCISES IN THIS PROGRAM**

FEES

WIFT Toronto Members: $375 (+ HST)

Non-Members: $500 (+ HST)

 

SESSIONS & INSTRUCTORS

INSTRUCTORS

Sasha Boersma | Co-Founder/Producer, Sticky Brain Studios

Sasha’s career in Canadian screen-based media industries has spanned across game studios, television producers, funding agencies, and academia. Sasha is Co-Founder/Producer at Sticky Brain Studios, where she is responsible for project management and business affairs. Since 2013, Sticky Brain Studios has developed over 45 games and apps for clients ranging from television broadcasters to health tech to not-for-profits. Their first independent games, “Kimono Dress-Up” and “Loki’s Castle”, was released for iOS and Androidd evices in 2019. In 2017 she co-founded Possible Futures Studio to tell untold stories from our past using immersive technologies to share compelling narratives in a new and exciting way.

She is also contract faculty at Centennial College’s Story Arts Centre where she teaches post-graduate courses on accounting, marketing, business and entrepreneurship to future interactive media, games, and television producers.

Previously, Sasha worked on several interactive digital media projects as a freelance Producer / Business Analyst where her clients included both game studios and television production companies. She started her career at the Bell Fund, then moved to marblemedia where she held various posts in business affairs and produced award-winning interactive projects.

Alicia Petrusa |Relationship Manager, Media & Entertainment, RBC (she/her)

Alicia is a Relationship Manager in the Toronto Media & Entertainment team at RBC, with 10 years of industry experience across business affairs and producing. She is a graduate of the Radio & Television Arts program at TMU (formerly Ryerson University). Her previous credits include associate producer on CBC’s STREET LEGAL, producer on the BravoFACT short film, QUEEN OF HEARTS,  and business affairs manager on the CBC drama DIGGSTOWN. In her current role at RBC, Alicia provides client-focused strategic advising and works alongside creative professionals with an emphasis on the nuance of supporting the media industry.

SESSIONS

Day 1: Business and Structure

This day will begin with a review of the business structures typically found in the screen-based industry, with a concentration on the structure and workflow of the Accounting Department. Using actual documentation as the basis for the workshop, elements of the budget, stages of production and cost reporting will be the focus of the day through discussion and exercises.

Day 2: Funding and Tax Credits

Using the case study built in Day 1, this day will dig deeper into the various types of funding involved in production. Topics for a fuller discussion include: cash flows and interim financing, key elements of the Ontario and Federal Tax Credits, completing Ontario and Federal tax credit calculations, and navigating a completing the Ontario and Federal Labour Schedules for a complete CAVCO application.

Day 3: Audit, Recoupment, Animation/VFX

This day brings all the elements learned in the previous two days together into considerations for project audits/review engagements, considerations for working in animation or visual effects including the OCASE tax credit, and the accounting for recoupment including how recoupment schedules are created.