The Saskatchewan government will extend the deeming provision of the film employment tax credit by three years to December 31, 2011. The provision treats out-of-province professionals as Saskatchewan residents if they train local film production employees while working in the province.
Other regulatory amendments to the Saskatchewan Film Employment Tax Credit (SFETC) will:
SFETC is a refundable tax credit available to Saskatchewan-controlled Canadian taxable corporations that produce film or television productions in the province. The credit equals 45% of eligible Saskatchewan labour, to a maximum of 22.5% of total production costs, and requires that a minimum of 25% of salaries and wages are paid to Saskatchewan residents. Qualifying corporations may also be eligible for:
Therefore, a production that qualifies for all three tax credits can earn a credit equal to 55% of qualified Saskatchewan labour.
Saskatchewan film productions will welcome the extension to the deeming provision. The credit will help the province continue to attract film and television productions.
1 The updated list is: costume designer, first assistant director, property master, dolly grip, key grip, locations manager, production coordinator, production designer, construction coordinator and sound recordist.