Telefilm Canada Act

Marginal note:Objects and powers

• 10 (1) The objects of the Corporation are to foster and promote the development of a feature film industry in Canada and, without limiting the generality of the foregoing, the Corporation may, in furtherance of its objects,

  • (a) invest in individual Canadian feature film productions in return for a share in the proceeds from any such production;

  • (b) make loans to producers of individual Canadian feature film productions and charge interest thereon;

  • (c) make awards for outstanding accomplishments in the production of Canadian feature films;

  • (d) make grants to film-makers and film technicians resident in Canada to assist them in improving their craft; and

  • (e) advise and assist the producers of Canadian feature films in the distribution of those films and in the administrative functions of feature film production.

• Marginal note:Loan guarantees

  (1.1) The Corporation may, in accordance with terms and conditions approved by the Treasury Board and the Minister of Finance, guarantee loans for the production and distribution of films.

• Marginal note:Canadian content, ownership, etc.

  (2) For the purposes of this Act, a "Canadian feature film" or "Canadian feature film production" is a feature film or feature film production in respect of which the Corporation has determined

  • (a) that the completed film will, in the judgment of the Corporation, have a significant Canadian creative, artistic and technical content, and that arrangements have been made to ensure that the copyright in the completed film will be beneficially owned by an individual resident in Canada, by a corporation incorporated under the laws of Canada or a province or by any combination of owners described in this paragraph; or

  • (b) that provision has been made for the production of the film under a co-production agreement entered into between Canada and another country.

• Marginal note:Corporation not a partner

  (3) The Corporation shall not be regarded as a partner in any film production in which it may invest and its liability shall be limited to the amount of its investment in the production.

• Marginal note:Consultation and cooperation

  (4) The Corporation shall, to the greatest possible extent consistent with the performance of its duties under this Act, consult and cooperate with such departments, boards and agencies of the Government of Canada and the governments of the provinces as have any duties, or any aims or objects, related to those of the Corporation.