Manitoba·New

Manitoba offers more aid to film and TV production via tax credit

The Manitoba government is offering more financial aid to the film and video industry in hopes of attracting more projects and jobs to the province.

Province is already the most generous in Canada, according to KPMG report

Crews film in the Exchange District in 2017. A review that year by On Screen Manitoba said the film tax credit has cost the province between $15 million and $24 million a year. (CBC)

The Manitoba government is offering more financial aid to the film and video industry in hopes of attracting more projects and jobs to the province.

Sport, Culture and Heritage Minister Cathy Cox says the government is building on an existing tax credit that refunds companies up to 30 per cent of their total project costs.

Cox says there will now be an additional eight per cent credit for projects that use Manitoba-based production firms.

Cox says the aim is to get more post-production work, such as editing and visual effects, done in the province.

The original tax credit was supposed to expire at the end of last year, but the Progressive Conservative government made it permanent and increased the budget for it.

Finance Minister Scott Fielding says the tax credit has led to long-term jobs in Manitoba and a growing industry.

"These are important jobs, long (term) jobs that are going to he here for a long period of time," Fielding said Friday.

In 2017, the Manitoba government hired outside consultants to review its tax credit.

The KPMG report said the credit is the most generous among the provinces and recommended reducing it to a level in line with other Western jurisdictions.

The tax credit has cost the province between $15 million and $24 million annually in recent years, said a 2017 review by On Screen Manitoba, an industry association.

The money given out by the province exceeded the money it recouped through higher income taxes and other sources in four of the preceding five years, the association's report said.

Still, Fielding has said the credit is a good investment because it has kept young people in the industry in Manitoba instead of leaving for other parts of Canada or the United States.

Comments

To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). Pseudonyms will no longer be permitted.

By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. Please note that CBC does not endorse the opinions expressed in comments. Comments on this story are moderated according to our Submission Guidelines. Comments are welcome while open. We reserve the right to close comments at any time.

Become a CBC Member

Join the conversation  Create account

Already have an account?

now