 | Manitoba Announces Increases To The Manitoba Film and Video Production Tax Credit |
March-22-2005
| Area | Entertainment |
Summary
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.
