According to the Ontario Media Development Corp. (OMDC),Ontario film and TV production activity rose 41% from 2008 to 2009, contributing C$946.4 million ($904 million) to the Canadian province's economy.
The Ontario Liberal's 25% tax credit took effect June 2009 and expanded to cover eligible costs beyond labour, contributing to a 114% increase in total foreign spending ($139 million). Foreign feature spending increased from $75.5 million to $154.5 million, with foreign TV series rising from $15.3 million in 2008 to $55.4 million in 2009.
"Despite economic challenges and a strong Canadian dollar, Ontario has consistently demonstrated it has the right mix of government support, financial incentives, world-class infrastructure, superb talent and skills and diverse locations to attract outstanding foreign and domestic productions," said OMDC president/CEO Karen Thorne-Stone said.
"Early indications point to 2010 being another strong year..."