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

Sisters, sexual abuse and one Surrey family’s bond in new movie ‘Because We Are Girls’

Cloverdale’s Jeeti Pooni led effort to create the documentary, set to debut at festivals

Surrey Historical Society holds ‘memory social’ Sunday

Gathering will be a chance to offer, share stories

Drowning victim fondly remembered

Immigration consultant Jay Atienza Razon, who worked out of Newton, drowned in a kayaking accident March 29

Khan Michael Bourne, of Sechelt, shot dead in Surrey

Police say Bourne was found laying on the ground, with gunshot wounds

VIDEO: Surrey RCMP investigating after ‘sudden death’ of man found with critical injuries

Police say a man is dead after being found laying on the ground in the 13300-block of 114th Avenue

VIDEO: Driver in bizarre hit-and-run at B.C. car dealership turns herself in

Police believe alcohol was a factor in incident causing estimated $15,000 in damages

VIDEO: Vanouver Giants come back to earn 4-3 overtime victory

Playing in Spokane for the second consecutive night, the G-Men triumph put them 3-1 in the playoffs

‘B.C. cannot wait for action’: Top doctor urges province to decriminalize illicit drugs

Dr. Bonnie Henry says current approach in ‘war on drugs’ has criminalized and stigmatized drug users

B.C. woman, 76, challenges alcohol-screening laws after failing to give breath sample

Norma McLeod was unable to provide a sample because of her medical conditions

New report on 2017 wildfires calls for better coordination with B.C. First Nations

Tsilhqot’in National Government documents 2017 disaster and lists 33 calls to action

B.C. youth coach banned amid sexual harassment, bullying scandal: Water Polo Canada

Justin Mitchell can’t take part in Water Polo Canada events or clubs

Wilson-Raybould: Feds want to just ‘manage the problem’ of Indigenous Peoples

Former federal justice minister speaks at First Nations Justice Council meeting in B.C.

Female real estate agents warned of suspicious man in Metro Vancouver

The man requests to see homes alone with the female agent, police say

Most Read