Quebec Bill 64, which implements the province's January 2009 economic statement, enhanced the province’s film and television tax credits for qualified labour expenditures incurred after 2008. The enhancements:
Quebec enhances its film industry refundable tax credits as follows:
See chart: Changes in Quebec Bill 64
The per film or television series tax credit cap of $2,187,500 that applies to the FTPTC will also be eliminated for qualified labour expenditures incurred after 2008. Transitional rules will apply to productions in which the qualified labour expenditures are incurred both before January 1, 2009 and after December 31, 2008.
Quebec film and video productions will welcome these changes as they intend to help the province's film and video industry remain competitive.