"27 Goodmans partners among the leading Canadian lawyers." - Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada
Goodmans Publications

Nova Scotia Announces Increases To The Nova Scotia Film Industry Tax Credit

March-11-2005

Area Entertainment

Summary

On March 8, 2005, Nova Scotia Premier John Hamm announced that the Nova Scotia Government has extended the province's film tax credit for an additional ten years.  The Government also announced that it is increasing the tax credit as follows:

 

 

1.    For productions shooting in downtown Halifax Regional Municipality, an increase in the rate of the tax credit from 30% to 35% of eligible wages or labour paid by eligible corporations to Nova Scotia residents, up to a maximum of 15% of the total eligible production budget; and

2.    For productions shooting in areas 30 kilometres or more from the city core, an increase in the rate of the tax credit from 35% to 40% of eligible wages or labour paid by eligible corporations to Nova Scotia residents, up to a maximum of 17.5% of the total eligible production budget.

3.    A new frequent-film bonus of 5% for companies that shoot two projects in the province over a two-year period.
 

Download PDF