Telefilm Canada to administer Short-Term Compensation Fund for Canadian Audiovisual Productions
September 25, 2020 – Telefilm Canada would like to inform you that the Minister of Canadian Heritage, the Honorable Steven Guilbeault, today announced an initiative to compensate for the lack of insurance coverage for audiovisual productions interrupted or abandoned due to COVID-19. The Government of Canada put in place this temporary support measure to allow the industry to restart.
The Short-Term Compensation Fund for Canadian Audiovisual Productions (STCF), which is budgeted at up to $50 million, is a temporary measure and will be administered by Telefilm Canada, along with the Canada Media Fund.
The announcement from Canadian Heritage can be viewed here.
Several stages must be taken by the federal government before this new fund is officially launched. Meanwhile, Telefilm teams are working to get the necessary steps in place.
Key guidelines will be available on our website, and we will communicate more details as soon as possible.