According to reports, the Ontario Liberal government will now allow a 25 per cent tax credit for the overall budget of films shot in the province.The 25 per cent credit had previously applied only to labour costs, usually half the cost of a production.
The purchase of props, rental of studios and equipment can now be covered under the new measure.
A 35 per cent Ontario Film and Television Tax Credit for labour costs for productions that qualify as domestic, will be made permanent.
Film and TV production reportedly generates $2 billion annually for the Ontario economy, creating 276,000 jobs...
