Manitoba Announces Increases To The Manitoba Film and Video Production Tax Credit
On March 11, 2005, the Manitoba Government announced that Manitoba Film and Sound Recording Development Corporation's base tax credit will rise from 35% to 45% of eligible Manitoba wages and salaries (or 22.5% of the total eligible production costs of an eligible film if that amount is less). This increase is in addition to the 5% frequent filming bonus for the third project shot within a two-year period in Manitoba and a 5% Rural/Northern bonus introduced last year. Combined, these incentives allow an eligible company to garner up to a 55% rebate on Manitoba labour expenditures. The new 45% tax credit will apply to productions for which principal photography commenced after March 8, 2005.