Film Tax Credit Analysis Complete, Online
Nov 23, 2005
View and download the results of a study analyzing the impact of tax credits on BC's film industry.
VICTORIA - A study analyzing the impact of tax credits on B.C.'s film industry has been completed and posted online.
The study was commissioned by the government in March 2005 as a step in assessing the value of government's tax credits for the industry.
The report from InterVISTAS Consulting is available online at Film and Television Industry Review. Some highlights from the executive summary include:
Over 23,900 jobs are directly attributed to the film industry in British Columbia.
There is a significant relationship between production spending and effective labour costs; the more expensive the labour costs, the more likely industry will be to move productions to other locations.
The film/TV industry generates $121 million in tax revenues for the provincial government, and the film/TV industry receives $66 million in tax credits.
The InterVISTAS report is one factor government will consider as it evaluates tax credit incentives for the next fiscal year.
Media contact:
Karen McDonald
Communications Director
Ministry of Economic Development
250.356.9428
Visit the Province's website at www.gov.bc.ca for online information and services.
Download PDF
VICTORIA - A study analyzing the impact of tax credits on B.C.'s film industry has been completed and posted online.
The study was commissioned by the government in March 2005 as a step in assessing the value of government's tax credits for the industry.
The report from InterVISTAS Consulting is available online at Film and Television Industry Review. Some highlights from the executive summary include:
Over 23,900 jobs are directly attributed to the film industry in British Columbia.
There is a significant relationship between production spending and effective labour costs; the more expensive the labour costs, the more likely industry will be to move productions to other locations.
The film/TV industry generates $121 million in tax revenues for the provincial government, and the film/TV industry receives $66 million in tax credits.
The InterVISTAS report is one factor government will consider as it evaluates tax credit incentives for the next fiscal year.
Media contact:
Karen McDonald
Communications Director
Ministry of Economic Development
250.356.9428
Visit the Province's website at www.gov.bc.ca for online information and services.
Download PDF
