A publication of Brunico Communications Ltd

Financial Services in Canada
by: Mar 19, 2007 Print

The following is the 2007 edition of Playback's annual digest of key financial services available to the Canadian independent film and television production industry.

BUSINESS DEVELOPMENT BANK OF CANADA
The Business Development Bank of Canada is a financial institution wholly owned by the Government of Canada. BDC plays a leadership role in delivering financial, investment and consulting services to Canadian businesses (including businesses operating in the cultural industries), with a particular focus on the technology and export sectors of the economy.
Contact: Toll free: 1-877-232-2269; fax: 1-877-329-9232
www.bdc.ca

CANADA FILM CAPITAL
Canada Film Capital provides financing and administration services of the Production Services Tax Credit to eligible production companies. Established in 1997, CFC has processed over 300 applications representing more than $400 million in tax credits to productions Canada-wide.
Contacts:
• David Carter, president
(416) 927-2227
dcarter@canadafilmcapital.com
• Jennifer Liscio, corporate counsel
(416) 927-2225
jliscio@canadafilmcapital.com
• Robert Dobier, senior vice-president, marketing & sales
(416) 927-2210
rdobier@canadafilmcapital.com
www.canadafilmcapital.com

CIBC WORLD MARKETS
CIBC Commercial Banking provides both corporate and commercial banking services for leaders in the entertainment industry, including interim financing for film and television projects. CIBC finances creditworthy commitments, including federal and provincial tax credits, public and private funding programs, and domestic and international broadcast licences and distribution guarantees.
CIBC is a full-service North American financial institution with branches and offices across Canada and around the world.
Contact: Benjamin Rappaport (604) 665-1313; fax (604) 482-4657; benjamin.rappaport@cibc.com

CUSTOM HOUSE
Custom House is the largest independent foreign exchange company in North America, providing customized foreign exchange solutions tailored to the international entertainment industry.
Custom House helps customers make payments in multiple currencies to multiple beneficiaries, facilitates international fund transfers, and allows customers to control the impact of exchange rate fluctuations on production budgets.
Custom House deals in more than 100 currencies and is a leader in regulatory compliance in all countries of operation.
Contact: Brent Clackson (604) 805-4836; bclackson@customhouse.com
www.customhouse.com

EXPORT DEVELOPMENT CANADA
EDC provides trade finance and risk-management services to Canadian exporters and investors in up to 200 markets. Founded in 1944, EDC is a Crown corporation that operates as a commercial financial institution.
EDC can support the export of Canadian film and television productions and related services through a range of financing and insurance solutions.
Contact: (613) 598-2500; toll free: 1-866-574-0451; fax: (613) 237-2690; export@edc.ca
www.edc.ca

GROSVENOR PARK
Grosvenor Park Productions is a film production finance company. It provides a worldwide one-stop solution to the film industry for the complete range of coproduction services required for film producers to maximize the contribution to qualifying film budgets from incentives provided by international governments to foster the development of the film industry in their countries. The coproduction service offering includes: structuring, financing, production, post-production, delivery and certification.
Contact: (416) 926-1815
www.grosvenorpark.com

HSBC BANK CANADA
HSBC Bank Canada offers feature film and television financing. HSBC also offers a variety of deposit instruments, commercial accounts and foreign exchange services.
Contacts:
• Toronto:
Morris Gluck (416) 868-8199
• Halifax:
Jason Lang (902) 490-2722
• Montreal:
Alexandre Fradette (514) 286-5349
• Vancouver:
Bill Dehaan (604) 641-2561

INDEPENDENT FILM FINANCING
IFF (a division of Axium Entertainment Services) is a world leader in providing administrative services for tax credits and production rebates and international treaty copro certification. IFF offers complete handling of all tax credit applications, from incorporation of the production company to receipt of the cheque, and can interim finance projected tax credit rebates. IFF also works closely with lenders, providing estimates of the tax credits and giving banks the confidence to cashflow the production.
Contacts:
Laura Polley, president; Len Pendergast, vice-president (416) 598-3270
www.iff.ca

INTERNATIONAL COPRODUCTION FUNDING
Specializes in seeking out and finding international coproduction funding for Canadian film producers. Particular emphasis is on the U.K.

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