CTF introduces ‘balancing’ production incentive
Briefs | 05/06/2008 11:45 am EDT
The Canadian Television Fund had created a production incentive with the goal of balancing the distribution of financial support to productions across the country and encouraging production where volumes have declined significantly. The CTF will monitor production activity in Atlantic Canada; Quebec; Ontario and Nunavut; the Prairies; and British Columbia and the Yukon and Northwest Territories. If production activity falls below 20% of a five year average in any area, the CTF may implement the production incentive in that area in the following fiscal year. The first production areas to benefit from this $5 million incentive include Atlantic Canada and Quebec, where production activity fell below the target level in 2007-2008. As such, two separate CTF allocations of $2.2 million and $2.8 million have been created for productions based in Quebec and Atlantic Canada, respectively, for 2008-2009. For more information, visit the CTF website or click here.