Tax credits issued nova scotia film industry tax credit. Productions that started principal photography before july 1, 2015, will receive the tax credit based on the previous rules. Canadian film or video production tax credit cptc with the assistance of rollertown movie holder distributors. Apr 09, 2015 members of nova scotia s film industry say cuts to a tax credit will have a devastating effect on productions in the province. This week, the alberta government introduced a new film and television tax credit, with greater benefits to productions that spend 60 percent of their total costs and. Clarification on july 1st 2015 animation for film industry tax credit as of january 1, 2008 the credit rates were increased. If there is more than one certificate, complete schedule 345, additional certificate numbers for the nova scotia film industry tax credit. Members of nova scotias film industry say cuts to a tax credit will have a devastating effect on productions in the province.
Nova scotias film industry rallying for tax credit at. Jan 31, 2020 progressive conservative leader tim houston says the liberal failure to understand the importance of our film industry means more nova scotia talent could head to western canada. In its spring budget, the provincial government announced thursday that the film industry tax credit will only cover 25 per cent of eligible costs, allowing film companies. Tax credit cut a stake through heart of nova scotias. Now with the loss of a popular film tax credit, it has become a struggle for survival. Nova scotia finance minister to meet with film industry. Film industry tax credit to be maintained, but changed from fully refundable to 25% refundable, effective july 1, 2015. Halifax new democrats in nova scotia are promising to reinstate a film tax credit axed by the liberal government, ndp leader gary burrill pledged friday, saying the governments move. T2sch345 additional certificate numbers for the nova scotia film industry tax credit for best results, download and open this form in adobe reader. Changes to nova scotia film tax credit wont be pushed back. Nova scotian productions, including newer and smaller filmmakers, will be given more opportunities and access to funding. The elimination of the nova scotia film and tax credit affects small businesses like rchmnd, amongst many others. Loss of popular tax credit hurts nova scotia film industry. Now with the loss of a popular film tax credit, it has become a struggle for survival, as many filmmakers pack up and leave.
Nova scotia film industry worries about future of tax credit. Tax credits for film and tv production a race to the. Changes to nova scotia film tax credit wont be pushed. This move appeared to break a preelection promise made by mcneil in october 20, 31 and resulted in an outpouring of protest from the creative community. Apr 15, 2015 nova scotias film industry rallying for tax credit at legislature. Should the liberals have eliminated the film tax credit. Nova scotia film industry ns television production. Toronto the nova scotia provincial government pledged a major increase in its production tax credit from 35% to 50% as the provinces atlantic film festival kicked off. Tax credit amounts will now be equal to the lesser of. Its time this government got back to work and fixed nova scotias film industry.
Canadian film or video production tax credit cptc with the assistance of film nova scotia produced with the participation of. Nova scotias film industry maintained pressure tuesday on the provincial government over a change to its film tax credit, with key industry players describing a meeting with finance minister. T2sch345 additional certificate numbers for the nova scotia film industry tax credit. The battle against the film industry tax credit cut isnt over. This credit is ended for film and television productions that start principal photography after june 30, 2015. Those working in nova scotias film and television industry sounded the death knell for its future thursday after the provincial government cut a. Apr 06, 2015 people in the local film industry say that if the province were to get rid of its film tax credit program, the loss would be significant. Alliance atlantis communications all media atlantic film 2010 finland dvd the movie channel tmc all media.
Nova scotia needs to attract and retain young workers and their families and the. Ndp would reinstate nova scotia film tax credit, programs. Part a or b amount of credit provided or sought if part a approval date. Nov 30, 2010 the film industry tax credit is a refundable tax credit for costs directly related to the production of films in nova scotia. Apr 09, 2015 those working in nova scotia s film and television industry sounded the death knell for its future thursday after the provincial government cut a tax credit many say they rely on for their survival. On july 1, 2015, a new nova scotia film and television production incentive fund began. In an attempt to do just that, a study is now being commissioned from pricewaterhousecoopers. Nova scotia adds animation stream to digi tax credit. Clarification on july 1st 2015 film and television production for film industry tax credit for production which started principal photography after november 30, 2010. Healthy living tax credit eliminated, because it is not helping lowincome nova scotians as intended. For best results, download and open this form in adobe reader. In its spring budget, the provincial government announced thursday that the film industry tax credit will only cover 25 per cent of eligible costs, allowing film companies to claim the other 75 per cent of the credit against taxes they owe to. Apr 15, 2015 the elimination of the nova scotia film and tax credit affects small businesses like rchmnd, amongst many others.
Apr 06, 2015 halifaxa comedic trios attempt to raise awareness about the importance of a film tax credit in nova scotia has caught the attention of celebrities like snoop dogg and helped fuel an industry. It was filmed on location in and around shelburne, lunenburg, louisbourg and halifax, as well as south africa. Nova scotia department of finance tax credits issued. Also called the sport and recreational expenses for children tax credit, this was a nonrefundable tax credit, claimed at the lowest nova scotia tax rate 8. Nova scotia film industry supporters protest tax credit cut. Now with the loss of a popular film tax credit, it has become a struggle for survival, as. T2sch345 additional certificate numbers for the nova scotia. The nova scotia government has been embroiled in a highprofile controversy for the past week following its decision to slash tax credits. Nova scotia film industry tax credit with the participation of as the nova scotia film industry tax credit second wave productions. As per the ns 2015 budget, this tax credit is eliminated effective january 1, 2015. Trailer park boys appeal to save nova scotia film tax credit. Its been a year since the government of nova scotias surreal. Cut or keep rolling on unprofitable tv and film tax.
In 2015, the government of nova scotia eliminated tax credits to film production in the province, jeopardizing the industry given most other jurisdictions. This week, the alberta government introduced a new film and television tax credit, with greater benefits to productions that spend 60 percent of their total costs and continue reading houston. The remaining 75 per cent of the eligible tax credit will be provided as a nonrefundable credit, available to film companies against the taxes they owe in nova scotia. Members of nova scotia s film industry say cuts to a tax credit will have a devastating effect on productions in the province. Not long ago, nova scotias film industry was a success story. Nova scotia s controversial film tax credit is officially dead. The last taxation year for which it could be claimed was 2014. Nova scotia film industry worries about future of tax credit people in the local film industry say that if the province were to get rid of its film tax credit program, the loss would be. Supporters of nova scotias film industry are gathering in front of province house to protest a planned cut to the film industry tax credit. Film credit cut causes furor in nova scotia halifax those working in nova scotia s film and television industry sounded the death knell for its future thursday after the provincial government cut a tax credit many say they rely on for their survival. Nova scotia film industry supporters protest tax credit.
Apr 17, 2015 the nova scotia government has been embroiled in a highprofile controversy for the past week following its decision to slash tax credits available to film and television production in the province. Why nova scotia film jobs are important chris campbell. Well after studying all this,one certainly has to look at the spinoffs from having the film industry in nova scotia, just to go and eliminate the tax credit without a. People in the local film industry say that if the province were to get rid of its film tax credit program, the loss would be significant. Apr 04, 2015 right now in nova scotia were engaged in a debate about our film industry tax credit, which the current government may be cutting. Feb 17, 2016 not long ago, nova scotia s film industry was a success story. Nova scotia film industry worries about future of tax. Showtime networks produced in association with distributors. Tax credit cut a stake through heart of nova scotias film. The film industry tax credit will change from one that is fully refundable to one that is 25 per cent refundable. The animation industry was included in the old tax credit but didnt fit well into the new fund. The waiting game tv movie 1998 company credits imdb.
The film industry incentive program will provide a refundable credit for local firms equal to 30 per cent of their eligible nova scotia salaries, to a. The film industry tax credit is a refundable tax credit for costs directly related to the production of films in nova scotia. Nova scotia sweetens tax credit pot hollywood reporter. The budget provided for the elimination of the crown agency film and creative industries nova scotia, as well as an overhaul of the longstanding nova scotia film tax credit.
Nova scotia has the fourthlargest film industry in canada hosting over 100 productions yearly, more than half of which are the products of international film and television producers. Film industry tax credit regulations income tax act nova. Mcneils sudden decision to axe the film industry tax. The nova scotia film industry tax credit fitc ended on june 30, 2015 for film and television production. Nova scotia film and television production incentive fund, a replacement for the refundable film industry tax credit.
Nova scotia film industry tax credit slashed by liberal. This page contains the full text of the film industry tax credit regulations consolidated by the nova scotia office of the registrar of regulations to n. Tax credits for film and tv production a race to the bottom. Why nova scotia film jobs are important chris campbell medium. May 21, 2015 scott simpson of screen nova scotia says all this data is submitted to the government when film budgets are being approved. Progressive conservative leader tim houston says the liberal failure to understand the importance of our film industry means more nova scotia talent could head to western canada. Nova scotias controversial film tax credit is officially dead. Cost of applying for nova scotias film tax credit0.
The credit ranges from 50% to 65% of eligible salaries paid to employees who are residents of the province. Speaker, the tax credit is important, and it is a powerful tool to our economy the film industry in our province is worth millions of dollars and the producers of. We will also make the process move at the speed of business. The nova scotia film tax credit a numbers game the. Ndp would reinstate nova scotia film tax credit, programs cut. Nova scotia department of finance digital media tax credit. Film credit cut causes furor in nova scotiahalifax those working in nova scotias film and television industry sounded the death knell for its future thursday after the provincial government cut a tax credit many say they rely on for their survival.
And then all hell broke loose in april, 2015, when the liberal government of stephen mcneil released a budget that contained massive cuts to the nova scotia film industry, including the closing down of film and creative industries nova scotia and the slashing of the film tax credit to levels that were simply unworkable for producers. Stackable with canadas federal tax incentive see combining incentives below. Right now in nova scotia were engaged in a debate about our film industry tax credit, which the current government may be cutting. Corporate tax measures no changes in the corporate tax rates were announced. Film incentives group, llc is a national strategic consultancy and brokerage firm dedicated to helping corporate entities and individual taxpayers take full advantage of the many state tax credits that are available throughout the usa.
T2sch345 additional certificate numbers for the nova. Apr 16, 2015 cost of applying for nova scotias film tax credit0. Nova scotias film industry is important pc party ns. Following recent changes to the film and tv tax credit and a warning from the head of the canada media fund, the government of nova scotia has announced a new stream in the digital media tax credit for the animation industry. Apr 14, 2015 nova scotia s film industry maintained pressure tuesday on the provincial government over a change to its film tax credit, with key industry players describing a meeting with finance minister. Loss of popular tax credit hurts nova scotia film industry youtube. As a result, nova scotias general corporate tax rate remains at 16% and its small business tax rate remains at 3%. This move appeared to break a preelection promise made by mcneil in october 20, and resulted in an outpouring of protest from the creative community. Nova scotia film and tax credit rchmnd shop youtube. Nova scotia film industry supporters protest tax credit cut supporters of nova scotia s film industry are gathering in front of province house to protest a planned cut to the film industry tax credit. Producers behind the television series haven and miniseries book.
Welcome to the subreddit of halifax regional municipality, nova scotia, canada. Sep 15, 2007 toronto the nova scotia provincial government pledged a major increase in its production tax credit from 35% to 50% as the provinces atlantic film festival kicked off thursday night. Nova scotias film industry rallying for tax credit at legislature. Now in its eighth edition, kpmg llps kpmg film financing and. The nova scotia government has been embroiled in a high profile controversy for the past week following its decision to slash tax credits.