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.

 

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Mara Lake is one of the significant water resources across the Okanagan-Shuswap region that will fall under increasing sustainability pressure as the anticipated population growth for the region continues in this century. (File photo)
Okanagan Valley water supply sustainability reaching a critical point: Global expert

Global expert says Okanagan Basin Water Board offers sustainable path forward

Four staff members at the Okanagan Men’s Centre have tested positive for COVID-19 since Oct. 23, 2020. (Adult and Teen Challenge OMC photo)
Four positive COVID-19 cases at Okanagan Men’s Centre

Those affected are staff and have been in isolation since Oct. 23

Vince Schnabl looks at the view this October from the Gorge, west of Revelstoke. (Photo by Jon Wichett)
There’s 3 times more snow near Revelstoke than usual

According to 54 years of data from Parks Canada for Glacier National Park

Mail in ballot, provincial election 2020. (Liam Harrap/Revelstoke Review)
Mail-in-ballots coming in from Columbia River Revelstoke

In a progress report Elections BC said around 45 per cent of those issued have been returned

Mayor Gary Sulz (centre) cuts the ribbon for the new roundabout. Councillor Jackie Rhind (left) and Councillor Cody Younker (right) are on either side. (Liam Harrap/Revelstoke Review)
Revelstoke’s newest roundabout opens on Victoria Rd.

The project took approximately six months to complete

Sooke’s Paul Larouche enjoys gold panning along the Sooke River, looking for small treasures. (Aaron Guillen/News Staff)
VIDEO: Island man finds niche audience by gold-panning on YouTube

Paul Larouche, 29, with over 215,000 subscribers, opens up about his journey

Among the pumpkin carvings created this year by Rick Chong of Abbotsford is this tribute to fallen officer Cont. Allan Young.
Abbotsford pumpkin carver’s creations include fallen police officer

Rick Chong carves and displays 30 pumpkins every year

A GoFundMe page has been launched to assist Frankie and Billie Douglas as Frankie undergoes surgeries related to an illness which leaves her bones brittle. (GoFundMe photo)
Fundraiser supports Shuswap child battling brittle bone disease

A $5,000 goal has been set to assist Billie and Frankie Douglas as Frankie spends time in hospital

An online fundraising campaign in support of the six-year-old boy, Edgar Colby, who was hit by a car on Range Road Oct. 25 has raised more than $62,000 in a day. (Submitted)
$62K raised in 1 day for boy in coma at BC Children’s after being hit by vehicle in Yukon

The boy’s aunt says the family is “very grateful” for the support they’ve received from the community

Tina Seminara died in hospital following an alleged brutal beating. Her husband Rod Flavell was later charged with manslaughter.
The number of newly confirmed COVID-19 cases has risen sharply in the Okanagan – but not on Vancouver Island – over the last week.
Chart: Tyler Olsen
CHARTS: New COVID-19 cases have doubled in Okanagan over last week

The number of new COVID-19 cases has risen sharply in Vancouver and the Fraser North region.

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Sparkling Hill Resort in Vernon, B.C. photo: Sparkling Hill Resort’s Facebook
COVID-19: Okanagan resort closes temporarily after staffer tests positive

Vernon resort closes for 11 days as precautionary measure

A pair of hunters walked away with minor injuries after their vehicle rolled down an embankment Oct. 28. (VSAR photo)
Hunters free themselves from rollover on Westside

Vernon Search and Rescue was called out for a rope rescue, but the pair were already walking down the road

Most Read