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Boosted by Tax Credits, British Columbia Production Booms

Located on the western edge of Canada, British Columbia is one of the most popular areas in North America for film and television production.

The province offers multiple natural wonders that serve as picturesque locations, including evergreen forests, a long rugged coastline replete with coves and islands, and high mountains with glaciers.

On the urban front, Vancouver is one of the continent’s most cosmopolitan and diverse cities, while Victoria, the British-flavored capital, boasts numerous historic buildings and world-class gardens.

But of course, British Columbia’s main attraction is its hefty 28% refundable tax credit, which can be combined with Canada’s 16% federal tax incentive, tempting producers with an almost irresistible financial package.

Add to this today’s lopsided exchange rate between the U.S. and Canada, whereby one loony can be purchased for 76 American cents, and it’s easy to understand why Hollywood types continues to flock north.

To qualify, films must spend a minimum of a million Canadian dollars (or $763,767). TV projects have to spend a minimum of 100,000 Canadian dollars (or $76,377). There’s no project or compensation cap.

Feature films recently produced in British Columbia include “Star Trek Beyond” (2016), “Deadpool” (2016). “The BFG” (2016), “Angry Birds” (2016), and “Fifty Shades of Grey” (2015).

TV series shooting there now include “Supernatural” (since 2005), “The Flash” (since 2014), “Arrow” (since 2012), and “Once Upon a Time” (since 2011).

Incenitves
28% Refundable tax credit
16% Canadian federal tax incentive can be added to B.C. credit
$764k Minimum spend for film
$76.5k Minimum spend for TV projects
Information courtesy of EP Financial Solutions, a production incentive consulting and financial services company.

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