SODEC’s direct-loan programme opened on 28 September. It advances up to 95% of an anticipated Québec domestic production tax credit.
The usual entry requirement is a favourable preliminary decision from SODEC. Applications are accepted on a rolling basis, subject to the programme’s conditions and resources.
This is borrowing against a receivable, not a bigger tax credit. It applies to qualifying Québec domestic productions, which are a different category from foreign production services.
SODEC scheduled an information session for 1 October, with registration closing on 29 September.
Our reading
The value is time. A tax credit usually arrives late in a production’s life; this moves the cash forward to when producers need it.