The Quebec Film and Television Council, Posted 07-14-2009, 05:15 PM | Report Edit | Quote | Reply
2009-06-15 MAJOR IMPROVEMENTS TO TAX CREDIT FOR FOREIGN FILM PRODUCTION SERVICES
http://qftc.ca/whats-new.php?id=11
The Quebec Film and Television Council (QFTC) is extremely pleased with the Quebec government’s important announcement today, regarding the change in tax credits for foreign film production services. The 25% rate, applicable to labour costs, has now been extended to include all eligible expenses. An additional 5% enhancement for special effects, digital animation and green-screen shooting brings the effective rate for any eligible production to 30%.
The QFTC extends a special thanks to Raymond Bachand, Minister of Finance, and Christine St-Pierre, Minister of Culture, Communications and the Status of Women, for their quick involvement in this important tax credit issue. The concrete action they have taken, at a time of intensified international competition, is certain to impact positively on efforts to promote Quebec’s assets to American producers.
This decision, which bespeaks a strong commitment to Quebec’s film and television industry, is also evidence of the dynamic, open relationship the industry has forged with government, and of solid support for the QFTC’s mission: to develop Quebec’s competitiveness as a world-class film production centre. Film Commissioner Hans Fraikin is pleased with the Quebec government‘s response to requests for changes in the foreign film production services tax credits, which can now be applied to all eligible expenses, while maintaining the enhancement for special effects. "The entire industry will benefit considerably – in both the short and long term – from these measures. Quebec has returned to the foreground, with tax breaks that are more than typically competitive.”
Michelle d'Eze, Senior Producer
Montreal MULTIMEDIAS Productions
Division of Beauchemin d'Eze Dezainde Inc.
2260 Delisle, Montreal, Quebec
Canada, H3J 2N7
t: 514-938-8352
@: michelledeze@montreal-photography-productions.com
w: http://montreal-photography-productions.com
2009-06-15 MAJOR IMPROVEMENTS TO TAX CREDIT FOR FOREIGN FILM PRODUCTION SERVICES
http://qftc.ca/whats-new.php?id=11
The Quebec Film and Television Council (QFTC) is extremely pleased with the Quebec government’s important announcement today, regarding the change in tax credits for foreign film production services. The 25% rate, applicable to labour costs, has now been extended to include all eligible expenses. An additional 5% enhancement for special effects, digital animation and green-screen shooting brings the effective rate for any eligible production to 30%.
The QFTC extends a special thanks to Raymond Bachand, Minister of Finance, and Christine St-Pierre, Minister of Culture, Communications and the Status of Women, for their quick involvement in this important tax credit issue. The concrete action they have taken, at a time of intensified international competition, is certain to impact positively on efforts to promote Quebec’s assets to American producers.
This decision, which bespeaks a strong commitment to Quebec’s film and television industry, is also evidence of the dynamic, open relationship the industry has forged with government, and of solid support for the QFTC’s mission: to develop Quebec’s competitiveness as a world-class film production centre. Film Commissioner Hans Fraikin is pleased with the Quebec government‘s response to requests for changes in the foreign film production services tax credits, which can now be applied to all eligible expenses, while maintaining the enhancement for special effects. "The entire industry will benefit considerably – in both the short and long term – from these measures. Quebec has returned to the foreground, with tax breaks that are more than typically competitive.”
Michelle d'Eze, Senior Producer
Montreal MULTIMEDIAS Productions
Division of Beauchemin d'Eze Dezainde Inc.
2260 Delisle, Montreal, Quebec
Canada, H3J 2N7
t: 514-938-8352
@: michelledeze@montreal-photography-productions.com
w: http://montreal-photography-productions.com