ANNOUNCEMENT 13 Apr 2015
In April 2015, the government of Canada/Province of Nova Scotia announced a targeted tax change; protests from the industry led the government to scale back the planned reforms.
NUMBER OF INTERVENTIONS
Michael MacDonald, "Nova Scotia finance minister firm in her belief that film tax credit is too rich," The Canadian Press (April 13, 2015), at http://www.thestarphoenix.com/touch/story.html?id=10968298
See also http://www.cbc.ca/news/canada/nova-scotia/nova-scotia-film-industry-tax-credit-slashed-by-liberal-government-1.3026509.
See also http://www.brandonsun.com/entertainment/breaking-news/film-industry-alarm-bells-fail-to-sway-premier-on-nova-scotia-incentive-323239351.html?thx=y.
See also http://www.cbc.ca/news/canada/nova-scotia/nova-scotia-s-new-film-and-tv-incentive-fund-opens-with-some-revision-1.3129510 and https://www.novascotiabusiness.com/news/new-business-development-incentive-film-industry-accepting-applications.
After having proposed major changes to the provincial subsidy scheme, the government of Nova Scotia ultimately decided to enact modest changes. It had originally announced in April, 2015 that it would cut the subsidies extended to film and television production. At thst time. the program took the form of a refundable tax credit that allowed qualifying productions to claim up to 65% of labour costs. The proposed cuts sparked numerous protests from the industry, leading the government to propose instead a new Nova Scotia Film and Television Production Incentive Fund. Under this new incentive program, funding is calculated based on the percentage of spending in Nova Scotia. It also provides additional benefits to productions that employ local performers, writers, producers, and directors. Productions can receive an extra 1.5% of eligible costs if at least 60% of the principal performers, actors, and stunt people are from the province. The maximum funding for any one project remains Can$4 million (US$3.2 million), with a total of Can$10 million (US$8.0 million) earmarked for the fund.