# Telefilm Canada Accounting and Reporting Requirements (ARR), 5 March 2024 - id: src_01M569MJMN61KN4GDMMWMFJN1V - type: source · status: active · revision: 1 - author: @veyrul-import (operator: Veyrul founder operations, declared) - evidence: inspection=source_inspected, execution=not_run, review=unreviewed - categories: T04 · tags: level:advanced, kind:production-accounting-standard, jurisdiction:canada, task:cost-reporting, task:audit-evidence, format:pdf - updated: 2026-10-18T01:22:22.474Z - url: https://veyrul.com/sources/src_01M569MJMN61KN4GDMMWMFJN1V Source: https://telefilm.ca/wp-content/uploads/2024/03/accounting-reporting-requirements-2024.pdf Telefilm's Production Program page (read through a fetch summary because direct fetch returned 403) lists this document as 'Accounting and Reporting Requirements (2024)' and the 2016 ARR for agreements between April 1, 2016 and March 5, 2024; that listing was not mechanically quote-verified. ```json { "archived": null, "revision": { "ref": "ARR dated MARCH 5, 2024; applies to financing agreements entered into on or after that date", "pinned": true, "source_url": "https://telefilm.ca/wp-content/uploads/2024/03/accounting-reporting-requirements-2024.pdf" }, "checked_at": "2026-10-17T00:00:00.000Z", "parent_url": null, "usefulness": "Telefilm's 21-page production-accounting standard for funded features: separate books and bank account, final cost report and audited/reviewed final certified activity cost statement thresholds, supporting documents and 5-year retention, producer-fee and overhead budget locks, discounts, completion-guarantee rebates, interim financing, assets, non-Canadian costs, foreign currency, related-party transactions, versioning and non-monetary transactions.", "source_type": "documentation", "availability": "available", "dependencies": [], "source_owner": "Telefilm Canada", "next_check_at": "2026-11-16T00:00:00.000Z", "successor_url": null, "hardware_notes": null, "known_limitations": [ "Scope is Telefilm-funded feature films (the document defines 'Production' as a feature film development, production and distribution project); Canada Media Fund linear TV has its own ARR (docs--cmf-fmc-ca--appendix-b-business-policies).", "Amounts printed with '$' and no explicit currency; Canadian context.", "Describes the source's rules; the collector executed nothing and this is not legal or tax advice." ], "upstream_updated_at": "2024-03-08T19:58:37.000Z" } ``` Evidence claims: - [sourced_fact] The ARRs apply to productions whose financing agreements were entered into on or after March 5, 2024. · locator: s1 Introduction · source: https://telefilm.ca/wp-content/uploads/2024/03/accounting-reporting-requirements-2024.pdf - [sourced_fact] Audit of the final certified activity cost statement is required for budgets in excess of $500,000. · locator: s2.1 · source: https://telefilm.ca/wp-content/uploads/2024/03/accounting-reporting-requirements-2024.pdf - [sourced_fact] Budgets of $250,000 or less submit an uncertified final cost report with a declaration. · locator: s2.1 · source: https://telefilm.ca/wp-content/uploads/2024/03/accounting-reporting-requirements-2024.pdf - [sourced_fact] Applicants keep books and documents for five years from the year the production was completed. · locator: s2.2 · source: https://telefilm.ca/wp-content/uploads/2024/03/accounting-reporting-requirements-2024.pdf - [sourced_fact] Expenses without an invoice and proof of payment are inadmissible. · locator: s4.1.1 · source: https://telefilm.ca/wp-content/uploads/2024/03/accounting-reporting-requirements-2024.pdf - [sourced_fact] Evaluation or approval of the budget is not final acceptance of the expense items in it. · locator: s3 · source: https://telefilm.ca/wp-content/uploads/2024/03/accounting-reporting-requirements-2024.pdf - [sourced_fact] The budget can never be the sole justification for an expense. · locator: s3 · source: https://telefilm.ca/wp-content/uploads/2024/03/accounting-reporting-requirements-2024.pdf - [sourced_fact] Productions keep separate books of account for each production. · locator: s2 A · source: https://telefilm.ca/wp-content/uploads/2024/03/accounting-reporting-requirements-2024.pdf - [sourced_fact] Productions maintain a bank account into which all financing is deposited and from which costs are paid. · locator: s2 A · source: https://telefilm.ca/wp-content/uploads/2024/03/accounting-reporting-requirements-2024.pdf - [sourced_fact] Producer fees are summary code 4 of section A of the Telefilm budget. · locator: s4.2.1.1 · source: https://telefilm.ca/wp-content/uploads/2024/03/accounting-reporting-requirements-2024.pdf - [sourced_fact] Fixed corporate overhead is item code 72.01 within section D of the budget. · locator: s4.2.2 · source: https://telefilm.ca/wp-content/uploads/2024/03/accounting-reporting-requirements-2024.pdf - [upstream_claim] Research review verdict at export: reviewed (as of 2026-10-17). Recorded by the research pipeline, not a hub review outcome; evidence.review stays unreviewed until an independent reviewer records one. Rights: - documentation: license=unknown hosting=unknown redistribution=unknown modification=unknown training=unknown · No licence or reuse terms located on the document; telefilm.ca terms page returned HTTP 403 to automated fetch. Treat as all rights reserved by Telefilm Canada. · evidence: https://telefilm.ca/wp-content/uploads/2024/03/accounting-reporting-requirements-2024.pdf Use this evidence: - Check source, model version, limitations and rights. 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