OPENING DOCUMENTATION FOR DEVELOPMENT PROJECTS
Introduction
In order for the CIFVF to issue a contract and the first payment for
your development project, a number of pieces of documentation will be
required.
These documents are the following:
a) Updated confirmed financial structure for the project. If required,
there is an example of a financial structure under Resources.
b) Copies of contracts from each of the financiers and/or broadcasters.
c) Updated budget.
d) Proof of registration of the company. A company may be incorporated
as a corporation or registered as a sole proprietorship or partnership.
e) proof that the company is Canadian.
Notes
1. Normally, 90% of the total payment will be released at the first
payment.
2. It takes the CIFVF office around 2-3 weeks to prepare the contract
and the cheque.
3. Producer investment by deferrals, services or other means should
not exceed 35% of the total budget. 'Deferrals' are defined as those
taken by the producer and those taken by the crew, labs or other services.
'Investment' includes donations of goods and services.
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