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B.C. Continues To Look For More Film, TV Productions

Wednesday, December 18, 2024 at 7:19 AM

By Jay Herrington

(PHOTO Government of British Columbia)

Increased tax incentives for British Columbia’s motion picture sector are aimed at attracting more major productions, ensuring that good-paying film and TV industry jobs stay in B.C.

“Our province is home to one of the busiest film and TV production centres in North America,” said Premier David Eby.

“But film production in B.C. has taken a big hit over the last few years, responding to significant impacts from the pandemic, multiple labour disruptions and changes to industry practices. We’re boosting tax incentives – and our competitive advantage – to ensure that our province remains a destination of choice for filmmakers in Canada and around the world, employing skilled British Columbian crews.”

Budget 2025 will include increases to the Film Incentive BC (FIBC) tax credit, which supports Canadian-content productions, and the production services tax credit (PSTC) that provides a tax incentive for international projects made in B.C.

In 2023, strike action halted the industry for more than six months and a decrease in global productions has affected the province’s film industry.

According to Creative BC, more than 37,000 jobs in the province were supported by the motion-picture industry in 2022, compared to 26,000 last year.

In November, reps from the Province were in Los Angeles to meet with studio decision-makers.

The delegation discussed ways to enhance the Province’s competitiveness and highlight the benefits of filming in B.C. and understand the needs of the industry.

According to Creative BC, the film industry generated $2.7 billion in GDP in 2022 – roughly 1% of B.C.’s GDP – and $2 billion in 2023, a year impacted by strike action and a decrease in global production.

For details, visit Government of British Columbia.

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