PDF
Word
This version of the form is not currently in use and is provided for reference only. Download this version of
Form T2 Schedule 558
for the current year.
Form T2 Schedule 558 Ontario Production Services Tax Credit (2015 and Later Tax Years) - Canada
Form T2 Schedule 558 Ontario Production Services Tax Credit is used to claim the tax credit for eligible film and television production services in the province of Ontario, Canada.
The Form T2 Schedule 558 Ontario Production Services Tax Credit (2015 and Later Tax Years) in Canada is filed by corporations that are eligible for the Ontario Production Services Tax Credit.
FAQ
Q: What is Form T2 Schedule 558?
A: Form T2 Schedule 558 is a tax form in Canada for claiming Ontario Production Services Tax Credit.
Q: What is the purpose of the Ontario Production Services Tax Credit?
A: The Ontario Production Services Tax Credit is a tax credit that encourages film and television production in Ontario.
Q: Who is eligible for the Ontario Production Services Tax Credit?
A: Eligible corporations that have incurred eligible Ontario production expenditures may be eligible for the tax credit.
Q: What are eligible Ontario production expenditures?
A: Eligible Ontario production expenditures include labor, goods, and services directly attributable to the production activities.
Q: What is the time frame for claiming the credit?
A: The tax credit can be claimed for tax years starting after December 31, 2014.
Q: How is the tax credit calculated?
A: The tax credit is calculated as a percentage of eligible Ontario production expenditures.
Q: How do I claim the Ontario Production Services Tax Credit?
A: To claim the tax credit, you need to complete Form T2 Schedule 558 and include it with your corporate tax return.
Download Form T2 Schedule 558 Ontario Production Services Tax Credit (2015 and Later Tax Years) - Canada
1
2
3
4
5
