{"id":634,"date":"2019-01-28T21:39:21","date_gmt":"2019-01-28T21:39:21","guid":{"rendered":"http:\/\/wvandco.com\/fo2021\/?p=634"},"modified":"2021-11-28T21:30:35","modified_gmt":"2021-11-28T21:30:35","slug":"ontarios-screen-based-industry-economic-profile-2018","status":"publish","type":"post","link":"http:\/\/wvandco.com\/fo2021\/ontarios-screen-based-industry-economic-profile-2018\/","title":{"rendered":"ONTARIO\u2019S SCREEN-BASED INDUSTRY: AN ECONOMIC PROFILE FOR 2018"},"content":{"rendered":"<p>&nbsp;<\/p>\n<div id=\"attachment_605\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"http:\/\/wvandco.com\/fo2021\/wp-content\/uploads\/2019\/01\/FilmOntario_Economic_Profile_2018.pdf\"><img aria-describedby=\"caption-attachment-605\" data-attachment-id=\"605\" data-permalink=\"http:\/\/wvandco.com\/fo2021\/ontarios-screen-based-industry-an-economic-profile-for-2018\/2018-10-30-1m-in-tax-credits\/\" data-orig-file=\"https:\/\/i2.wp.com\/wvandco.com\/fo2021\/wp-content\/uploads\/2019\/01\/2018-10-30-1M-in-Tax-Credits.png?fit=752%2C515\" data-orig-size=\"752,515\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"2018 10 30 &#8211; 1M in Tax Credits\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i2.wp.com\/wvandco.com\/fo2021\/wp-content\/uploads\/2019\/01\/2018-10-30-1M-in-Tax-Credits.png?fit=300%2C205\" data-large-file=\"https:\/\/i2.wp.com\/wvandco.com\/fo2021\/wp-content\/uploads\/2019\/01\/2018-10-30-1M-in-Tax-Credits.png?fit=752%2C515\" class=\"lazyload wp-image-605 size-medium\" src=\"https:\/\/i2.wp.com\/wvandco.com\/fo2021\/wp-content\/uploads\/2019\/01\/2018-10-30-1M-in-Tax-Credits.png?resize=300%2C205\" data-orig-src=\"https:\/\/i2.wp.com\/wvandco.com\/fo2021\/wp-content\/uploads\/2019\/01\/2018-10-30-1M-in-Tax-Credits.png?resize=300%2C205\" alt=\"\" width=\"300\" height=\"205\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20width%3D%27300%27%20height%3D%27205%27%20viewBox%3D%270%200%20300%20205%27%3E%3Crect%20width%3D%27300%27%20height%3D%27205%27%20fill-opacity%3D%220%22%2F%3E%3C%2Fsvg%3E\" data-srcset=\"https:\/\/i2.wp.com\/wvandco.com\/fo2021\/wp-content\/uploads\/2019\/01\/2018-10-30-1M-in-Tax-Credits.png?resize=300%2C205 300w, https:\/\/i2.wp.com\/wvandco.com\/fo2021\/wp-content\/uploads\/2019\/01\/2018-10-30-1M-in-Tax-Credits.png?fit=752%2C515 752w\" data-sizes=\"auto\" data-orig-sizes=\"(max-width: 300px) 100vw, 300px\" data-recalc-dims=\"1\" \/><\/a><p id=\"caption-attachment-605\" class=\"wp-caption-text\"><center>Graphic: Nordicity<\/center><\/p><\/div>\n<p style=\"font-size: 16px; line-height: 1.5;\">Production volume grew by 23% to $1.6 billion in direct spending from 2014 to 2017, creating 32,740 jobs and contributing $2.3 billion to GDP.<\/p>\n<p style=\"font-size: 16px; line-height: 1.5;\">Every $1 million spent on tax credits creates:<\/p>\n<ul>\n<li style=\"font-size: 16px; line-height: 1.5;\">109 direct and spin-off FTEs&nbsp;<\/li>\n<li style=\"font-size: 16px; line-height: 1.5;\">$7.4 million in provincial GDP&nbsp;<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<div id=\"attachment_606\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"http:\/\/wvandco.com\/fo2021\/wp-content\/uploads\/2019\/01\/FilmOntario_Economic_Profile_2018.pdf\"><img aria-describedby=\"caption-attachment-606\" data-attachment-id=\"606\" data-permalink=\"http:\/\/wvandco.com\/fo2021\/ontarios-screen-based-industry-an-economic-profile-for-2018\/2018-10-30-1-in-tax-credit\/\" data-orig-file=\"https:\/\/i2.wp.com\/wvandco.com\/fo2021\/wp-content\/uploads\/2019\/01\/2018-10-30-1-in-Tax-Credit.png?fit=464%2C145\" data-orig-size=\"464,145\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"2018 10 30 &#8211; 1 in Tax Credit\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i2.wp.com\/wvandco.com\/fo2021\/wp-content\/uploads\/2019\/01\/2018-10-30-1-in-Tax-Credit.png?fit=300%2C94\" data-large-file=\"https:\/\/i2.wp.com\/wvandco.com\/fo2021\/wp-content\/uploads\/2019\/01\/2018-10-30-1-in-Tax-Credit.png?fit=464%2C145\" class=\"lazyload wp-image-606 size-medium\" src=\"https:\/\/i2.wp.com\/wvandco.com\/fo2021\/wp-content\/uploads\/2019\/01\/2018-10-30-1-in-Tax-Credit.png?resize=300%2C94\" data-orig-src=\"https:\/\/i2.wp.com\/wvandco.com\/fo2021\/wp-content\/uploads\/2019\/01\/2018-10-30-1-in-Tax-Credit.png?resize=300%2C94\" alt=\"\" width=\"300\" height=\"94\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20width%3D%27300%27%20height%3D%2794%27%20viewBox%3D%270%200%20300%2094%27%3E%3Crect%20width%3D%27300%27%20height%3D%2794%27%20fill-opacity%3D%220%22%2F%3E%3C%2Fsvg%3E\" data-srcset=\"https:\/\/i2.wp.com\/wvandco.com\/fo2021\/wp-content\/uploads\/2019\/01\/2018-10-30-1-in-Tax-Credit.png?resize=300%2C94 300w, https:\/\/i2.wp.com\/wvandco.com\/fo2021\/wp-content\/uploads\/2019\/01\/2018-10-30-1-in-Tax-Credit.png?fit=464%2C145 464w\" data-sizes=\"auto\" data-orig-sizes=\"(max-width: 300px) 100vw, 300px\" data-recalc-dims=\"1\" \/><\/a><p id=\"caption-attachment-606\" class=\"wp-caption-text\"><center>Graphic: Nordicity<\/center><\/p><\/div>\n<p style=\"font-size: 16px; line-height: 1.5;\">In addition, for every $1 spent on tax credits $1.20 is received in provincial and municipal taxes and fees (will grow to $1.24 by 2022).<\/p>\n<p style=\"font-size: 16px; line-height: 1.5;\">Industry is expected to grow by 5.4% annually to $2.1 billion by 2022, supporting 38,980 jobs and contributing $3.0 billion to GDP.<\/p>\n<p style=\"font-size: 16px; line-height: 1.5;\">Comparisons with competitive jurisdictions demonstrate that tax credits have a direct impact on production spending in a jurisdiction:<\/p>\n<ul>\n<li style=\"font-size: 16px; line-height: 1.5;\">Introducing or enhancing credits leads to higher production volume&nbsp;<\/li>\n<li style=\"font-size: 16px; line-height: 1.5;\">Removing or reducing credits leads to lower production volume&nbsp;<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3><strong><a href=\"http:\/\/wvandco.com\/fo2021\/wp-content\/uploads\/2019\/01\/FilmOntario_Economic_Profile_2018.pdf\">Click here<\/a> to view the Executive Summary.<\/strong><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Production volume grew by 23% to $1.6 billion in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":605,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"spay_email":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ONTARIO\u2019S SCREEN-BASED INDUSTRY: AN ECONOMIC PROFILE FOR 2018 - FilmOntario<\/title>\n<meta name=\"robots\" content=\"index, follow, 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