Monday, June 15, 2009

Quebec Woos Hollywood With Tax Breaks

A scene from the filming of the Brad Pitt movie The Curious Case of Benjamin Button, which was shot on location in Old Montreal in 2007. Photograph by: Allen McInnis, Gazette file photo

From The Montreal Gazette:

MONTREAL - In a desperate bid to woo Hollywood, the Quebec government has doubled the tax break for foreign filmmakers shooting here in La Belle Province. This is a major-league shot-in-the-arm for the province's embattled film and TV production industry, which has been reeling from two years of sluggish activity.

The provincial government announced Friday afternoon that it is increasing its tax credit for foreign filming in the province from 25 per cent of labour expenses to 25 per cent of all spending. Given that labour expenses usually make up about half of the budget of a film or TV production, this measure effectively doubles the film and TV tax credit and the measure is expected to have a huge positive impact on the amount of Hollywood filming in the province.

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