Written by David Lewis on Jun 30, 2009. Posted in Incentive News

Ontario expands tax credit

The government of Ontario is proposing further enhancements to its permanent film and television production services tax credit.

It is part of the government’s plan to support growth and job creation in Ontario’s economy, including the film and television industry.

The amendments would expand the Ontario Production Services Tax Credit to incorporate all qualifying production costs incurred in Ontario, including qualifying labour costs as well as the purchase or rental of qualifying tangible properties, such as equipment and studio rentals.

These proposed measures would take effect for expenditures incurred after June 30, 2009.

Dwight Duncan, Minister of Finance, said: “The McGuinty government is prepared to continue its firm and ongoing commitment to ensure Ontario remains a top jurisdiction in North America for film and television production.”