cavco released its new proposed guidelines, amended for the Film and Video Production Tax, on Valentine’s Day in a paper marked ‘for discussion.’ Requirements for eligibility of the ritc include the following stipulations:

– Canadians must hold 100% of the worldwide copyright for at least the first five years

– the producer must control the initial commercial licensing rights

– Canadian distribution rights must be held by a bona-fide Canadian company

– the producer must retain a ‘reasonable’ interest in the foreign exploitation of the production

– the producer must not be a producer for hire from a foreign company

– the producer must receive more renumeration in the aggregate than the total paid to all credited or uncredited foreign producers

– a foreign party must not have the right to overrule or fire the Canadian producer.