Recently, the Quebec and Ontario governments announced changes to enhance certain tax credits aimed at the film and television industry with the goal of bringing more foreign based productions into these provinces. In doing so, both governments have recognized the increasing global competition to attract film and television productions with the use of government incentives.
Canada was already a pioneer in the development and implementation of government incentives when it introduced the current system of tax credits in 1997. The success of Canada’s tax credit model in attracting film and television projects to the major production centers of Vancouver, . . . [more]