Telefilm Canada Act

Marginal note:Mandate

• 10 (1) The mandate of the Corporation is to foster and promote the development of the audio-visual industry in Canada and to act in connection with agreements entered into under subsection (8).

• Marginal note:General capacity

  (2) For the purpose of carrying out its mandate, the Corporation has the capacity, rights, powers and privileges of a natural person.

• Marginal note:Specific powers

  (3) Without limiting the generality of subsection (2), the Corporation may

  • (a) invest in individual Canadian audio-visual productions in return for a share in the proceeds from those productions;

  • (b) make loans to producers of individual Canadian audio-visual productions and charge interest on those loans;

  • (c) make awards for outstanding accomplishments in Canadian audio-visual productions;

  • (d) make grants to audio-visual industry professionals resident in Canada to assist them in improving their craft; and

  • (e) advise and assist Canadian audio-visual producers in the distribution of their works and in the administrative functions of audio-visual production.

• Marginal note:Borrowing

  (4) The Corporation shall not borrow money within the meaning of Part X of the Financial Administration Act otherwise than from the Crown.

• Marginal note:Loan guarantees

  (5) Despite subsection (4), the Corporation may, in accordance with terms and conditions approved by the Treasury Board and the Minister of Finance, guarantee loans for audio-visual productions and their distribution.

• Marginal note:Canadian content, ownership, etc.

  (6) For the purposes of this Act, a Canadian audio-visual production is an audio-visual production in respect of which the Corporation has determined

  • (a) that the completed production 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 production will be 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 under a co-production agreement entered into between Canada and another country.

• Marginal note:Corporation not a partner

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

• Marginal note:Contribution agreements

  (8) The Corporation may enter into agreements with the Department of Canadian Her­itage for the provision of services or programs relating to the audio-visual or sound recording industries.

• Marginal note:Consultation and cooperation

  (9) The Corporation shall, to the greatest possible extent consistent with the performance of its duties under this Act,

  • (a) carry out its mandate in the broader context of the policies of the Government of Canada with respect to culture; and

  • (b) consult and cooperate with any departments, boards and agencies of the Government of Canada and the governments of the provinces that have a mandate related to the mandate of the Corporation.