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

Suspected spill kills hundreds of crayfish, coho in Langley river

A fish kill in the Nicomekl has a biologist concerned for the health of the local ecosystem.

Rams harvest sweet victory in win over Huskers

The Chilliwack team found itself pushed back again and again.

WATCH: Cops for Cancer bring message of hope to Langley school

Young cancer survivors are traveling with the fundraising bike ride.

Boxing coach takes shot at Langley City council run

Dave Allison has lived downtown for years and wants to represent his neighbours.

Driver of pickup stolen from Langley crashes into car in Abbotsford

No serious injuries in collision on Monday night

B.C. RCMP turn to Const. Scarecrow to shock speeders into slowing down

New addition will watch over drivers from a Coquitlam median for first-of-its-kind pilot in Canada

Aldergrove soccer forward enjoys scoring spree

UFV Cascades’ Jhaj named Canada West second star of the week

B.C. home to 1/3 of Canada’s overdose deaths in first 3 months of the year

There were 1,036 overdose deaths in the first three months of the year, with 94 per cent accidental

B.C. candidate moves from hospice care to council race

He beat terminal cancer twice and entered hospice when he decided to run for council.

Canadian tobacco exec pushes back against vaping health concerns

A warning from Interior Health about the unknown health risks of vaping is getting a partial rebuke

New ‘meowyoral’ race featuring felines announced by B.C. animal shelter

Organizers hope the cat election will generate attention for shelter and local municipal election

Ministry of Agriculture commits $300,000 to help B.C. farmers obtain land

B.C. Land Matching Program supports access to affordable farmland for young farmers

Lower Mainland city calls for slower trains near popular beach

Surrey Mayor Linda Hepner said ‘it’s the least we can do’

Canadian air force short 275 pilots

Attrition outpaces recruitment and training claims Air Force

Most Read