Vancouver locations are recognizable in Deadpool

B.C. movie tax breaks under scrutiny

Finance Minister Mike de Jong says low Canadian dollar accelerating cost of generous labour tax credit for film and TV production

B.C.’s tax credits to the movie industry are rising rapidly as the low Canadian dollar attracts more productions to the province, and Finance Minister Mike de Jong has ordered a review.

“The sector is having a record-breaking year and that’s all good news for the people involved,” de Jong said. “But the way the tax credit is structured, we see the amount being paid out increasing exponentially. It’s set to cross the half billion-dollar mark.”

The review is to take place within the next two months, including consultation with B.C. production companies. B.C. offers a refundable tax credit for one third of labour costs for movies, TV and digital media production.

The current box-office hit Deadpool is the latest of 20th Century Fox’s X-Men series to be filmed in B.C. An earlier movie in the series was lured to Montreal by generous tax incentives, and Ontario extended its tax credits to cover 25 per cent of all spending on a project.

Most of B.C.’s industry is foreign productions, taking advantage of experienced crews, scenic locations and easy access from Hollywood. De Jong said in 2013 that Canadian provinces are “being played” by producers looking to increase tax breaks by threatening to go elsewhere.

 

Just Posted

Victoria Fire Department advises cigarette safety after two fires started in one week

Two separate fires caused by cigarette butts were avoidable

VicPD faces ‘significant pressure’ following Victoria’s 2019 budget decision

Chief Const. Del Manak says council continues to micromanage his department

28 years later: Dunahee disappearance remains largest investigation in Victoria police history

The four-year old Victoria boy went missing without a trace on March 24, 1991

Saanich could become the new home of the world’s largest gnome

Galey Farms could find out Tuesday whether it will host the eight-metre-tall structure

Protective human chain forms around Victoria mosque for Friday prayer

Islanders stand arm-in-arm to show support in aftermath of New Zealand shootings

Greater Victoria Wanted List for the week of March 19

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

POLL: When do you think the next major earthquake will hit Vancouver Island?

According to seismologists, Vancouver Island is overdue for a magnitude 7 earthquake.… Continue reading

WestJet sticking with Boeing 737 Max once planes certified to fly

WestJet had expected to add two more of the planes this year to increase its fleet to 13

B.C. driver caught going 207 km/h on motorcycle along Okanagan Highway

A motorcyclist was caught by Kelowna RCMP going 207 km/h on Highway 97C

Motorcyclist dies after three-vehicle crash on old Island Highway

Accident happened at 12:15 p.m. Friday near Country Club Centre in Nanaimo

B.C. fire department offers tips to keep your home safe during wildfire season

With wildfire season getting closer, the Penticton Fire Dept. offer tips to keep your home safe

Fierce house cat spotted as ‘aggressor’ in face off with coyote in B.C. backyard

North Vancouver resident Norm Lee captures orange cat versus coyote in backyard showdown

Most Read