Parity now achieved with other provinces
TORONTO — Nova Scotia has upped the ante in the competition to attract producers, raising its film and TV tax credits from 30% to 35% for those shooting in the capital city of Halifax and from 35% to 40% for producers lensing outside the city.
Producers shooting twice in the province in two years are eligible for an extra 5% bonus — an initiative the province is thought to have aped from a similar one in Manitoba. The incentives apply to indigenous and service production. The tax credit schemes will be in effect for 10 years.
In an increasingly competitive marketplace, Nova Scotia is now on par with Canada’s most generous provinces, including Manitoba and Saskatchewan.
Incentives were implemented in the wake of recent tax credit increases in the more traditional Canuck filming locales of Ontario, Quebec and British Columbia.
Between the province’s raw visual appeal and generous tax breaks, Nova Scotia had been building a solid industry, noted Paul Bronfman, chairman of the Comweb Group, which has offices in Halifax.
The province did boffo business two years ago, with 12 telepics, while 2004 saw just three. Bronfman is hoping the improved credits will put the province back on track.
“The Shipping News,” “K19: The Widowmaker,” “Margaret’s Museum” and parts of “Titanic” were lensed in Nova Scotia, which sees about $100 million in production activity per year. Its film and TV industries employ about 2,000.