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 Shamrocks win proves costly

Shamrocks lose Rhys Duch to a season-ending injury

BC Ferries adds extra and late night summer sailings

Seasonal adjustments to sailing times also in effect on many routes

Greater Victoria records drop in building permit values

Values are up for British Columbia and Canada thanks to Vancouver

Campbell River teen on the mend a year later

Jonah Shankar’s treatment for brain tumour involved trips to UK

WATCH: Barbers battle it out in Victoria

‘Barber Battle’ saw stylists and barbers from across North America go head-to-head

Province comes through with funding for Charleigh Fales

Lake Cowichan toddler only one in B.C. diagnosed with CLN2 Batten disease

People throwing food at a bear in Fernie alarms conservation groups

“Approaching and feeding bears contributes to habituation,” says conservation group

Feds announce $50M strategy to fight dementia

Emphasis is on prevention and and supporting caregivers

Federal Liberals’ plan to help first-time homebuyers to kick in weeks before election

Ottawa to pick up 5% of a mortgage on existing homes for households that earn under $120,000 a year

Homalco tour gives glimpse into area’s ‘People, Land, Water’

First Nation business mixes cultural components with wildlife excursions

B.C. VIEWS: When farmland protection doesn’t protect farmers

Secondary residences aren’t mansions, families tell Lana Popham

Bombers down B.C. Lions 33-23 in season opener

Former Lion Andrew Harris leads Winnipeg with 148 rushing yards

Northern B.C. family remembers murdered Indigenous woman with memorial walk

Still no closure for Ramona Wilson’s family 25 years later

Most Read