Canadian province new deal is largest in country
Manitoba has raised the stakes in its film tax credit program, making it the highest all-spend tax credit in Canada.
The province’s new deal will allow foreign and domestic producers to apply for a 30% all-spend credit on eligible local expenditures, including labor, or opt for the existing 65% labor tax credit for productions beginning principal photography after Thursday.
It has also extended its existing labor tax credit (set to expire next year) to March 1, 2014.
“Manitoba was the first in Canada to introduce a Frequent Filming Bonus, along with a labor tax credit that is the best in Canada,” said Manitoba Film & Music CEO Carole Vivier. “As the world’s economic situation continues to shift we have to be readily competitive with other jurisdictions that have amended or added all-spend incentives.”
Winnipeg, Manitoba’s capital city, is home to film and TV production company Frantic Films and has hosted U.S. features such as “Capote.”