The VideoLAN Forums

Dose VLC 2.0.6 fully support the .MTS file format, from a Canon LEGRIA HF R406 Camcorder ?

These are the properties supplied by MediaInfo:

Format : BDAV
Format/Info : Blu-ray Video
File size : 171 MiB
Duration : 1mn 26s
Overall bit rate : 16.6 Mbps
Maximum Overall bit rate : 18.0 Mbps

Video
ID : 4113 (0x1011)
Menu ID : 1 (0x1)
Format : AVC
Format/Info : Advanced Video Codec
Format profile : High@L4.0
Format settings, CABAC : Yes
Format settings, ReFrames : 2 frames
Duration : 1mn 26s
Bit rate mode : Variable
Bit rate : 15.7 Mbps
Maximum bit rate : 16.0 Mbps
Width : 1 920 pixels
Height : 1 080 pixels
Display aspect ratio : 16:9
Frame rate : 25.000 fps
Color space : YUV
Chroma subsampling : 4:2:0
Bit depth : 8 bits
Scan type : Interlaced
Scan order : Top Field First
Bits/(Pixel*Frame) : 0.303
Stream size : 161 MiB (94%)

Audio
ID : 4352 (0x1100)
Menu ID : 1 (0x1)
Format : AC-3
Format/Info : Audio Coding 3
Mode extension : CM (complete main)
Duration : 1mn 26s
Bit rate mode : Constant
Bit rate : 256 Kbps
Channel(s) : 2 channels
Channel positions : Front: L R
Sampling rate : 48.0 KHz
Bit depth : 16 bits
Video delay : -80ms
Stream size : 2.64 MiB (2%)

It should but you'd better use the latest nightly build for best performance.