On Screen Manitoba Applauds Steady Tax Film Credit

On Screen Manitoba Applauds Steady Tax Film Credit

By Brian Schultz

On Screen Manitoba is applauding the provincial government for the recent enhancement of its 30% all spend tax credit to stimulate film production in Manitoba.

“Provincial tax credit incentives and the equity fund allow Manitoba production companies to compete financially in a global context,” said Phyllis Laing, chair of On Screen Manitoba and CEO and president of Buffalo Gal Pictures. “Production incentives have also contributed to building highly skilled technical and creative professionals for the Manitoba industry.”

Saskatchewan has scrapped their film tax credit, but has proposed a non-refundable tax credit instead. On Monday, supporters of the film industry rallied outside the Saskatchewan legislature for the original credit’s return.

“The Government of Saskatchewan seems to be trying to address these new challenges through the recent announcement of a new non-refundable Film/TV and Digital Tax Credit (FTDC) formula; however, it strays so far from current industry practice it seems unlikely to stimulate film and television production in that province,” On Screen Manitoba said in a release.

Comments

comments