Ontario proposes to make permanent:
Ontario Film and Television Tax Credit
The Ontario Film and Television Tax Credit is available to Ontario-based Canadian-controlled corporations that produce film and television productions in Ontario. It is a refundable tax credit that equals 35% of qualified Ontario labour. Qualifying corporations may also be eligible for the:
Ontario proposes to make the 35% rate permanent. (For productions with qualifying labour expenditures incurred after 2009, the rate was to have dropped to 20%, while the enhancement for first-time producers rate was to have increased from 5% to 10%.)
Ontario Production Services Tax Credit
The Ontario Production Services Tax Credit provides domestic and foreign-based production companies that produce film and television productions in Ontario a refundable tax credit equal to 25% of qualified Ontario labour.
Ontario proposes to make the 25% rate permanent. (It was to have dropped to 11% for productions with qualifying labour expenditures incurred after 2009.)
Film and video producers will welcome these changes. They are intended to help Ontario continue to attract film and television productions.
For more film, video and digital media incentives, see PricewaterhouseCooper's The Big Table of Film and Video Incentives and Big Table of Digital Media and Animation Incentives, which will be updated for recent enhancements shortly.