Ontario film and television industry laud McGuinty tax credit
Briefs | 12/17/2007 12:33 pm EST
Effective January 1, 2008, the Ontario Film and Television Tax Credit will increase from 30% to 35% and the Ontario Production Services Tax Credit will increase from 18% to 25%. Premier Dalton McGuinty's Liberal government promised the tax credits in its 2007 election campaign, and Ontario's film and television industry asked the credits be implemented before Christmas. "This government has acted quickly on its campaign promise by including this initiative in yesterday's Fall Economic Statement in the House, and we are very happy indeed," said Brian Topp, co-Chair of FilmOntario, and executive director of ACTRA Toronto. "This means jobs." The release from the Directors Guild of Ontario said the tax credits will provide support and employment for the more than 30,000 people who work directly in the film and television industry in Ontario.