Boosting Jobs In Ontario's Creative Economy
June 29, 2009 9:00 PM
McGuinty Government to Strengthen Entertainment and Creative Sector
The government 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.
The province is also committed to working with British Columbia and Quebec to coordinate better ways to attract business.
Quick Facts
- Industry research indicates that film and TV production generates approximately $2 billion annually for the provincial economy.
- Ontario's creative and entertainment sector is the third largest in North America by employment after California and New York, with more than 276,000 jobs.
- On February 20, 2009, the McGuinty government announced changes to make permanent the enhanced 35 per cent Ontario Film and Television Tax Credit and the enhanced 25 per cent Ontario Production Services Tax Credit.
- The 2009 Ontario Budget announced a $10 million pilot program that would refund a portion of the costs associated with intellectual property development to Ontario companies in the screen-based industries.
Learn More
Contacts
- For Media Inquiries only
Aly Vitunski - Minister's Office
416-325-9819
aly.vitunski@ontario.ca - For Media Inquiries only
Scott Blodgett - Ministry of Finance
416-325-0324
scott.blodgett@ontario.ca - For public inquiries call
1-800-337-7222
TTY: 1-800-263-7776
Ministry of Finance
ontario.ca/finance