{"id":657,"date":"2019-04-15T18:51:03","date_gmt":"2019-04-15T18:51:03","guid":{"rendered":"http:\/\/wvandco.com\/fo2021\/?p=657"},"modified":"2021-11-28T15:28:04","modified_gmt":"2021-11-28T15:28:04","slug":"ontario-provincial-budget-maintains-government-commitment-to-the-film-and-television-tax-credits","status":"publish","type":"post","link":"https:\/\/wvandco.com\/fo2021\/ontario-provincial-budget-maintains-government-commitment-to-the-film-and-television-tax-credits\/","title":{"rendered":"Ontario Provincial Budget Maintains Government Commitment to the Film and Television Tax Credits"},"content":{"rendered":"

FilmOntario is pleased to note the renewed commitment to providing stability and support for the film and television industry in Ontario in the 2019 Provincial Budget. This commitment to stability sends a clear message to our partners here at home and around the world that the province of Ontario is a great place to be in the film and TV business.<\/p>\n

\u201cIndependent film and TV production spending grew by 23% to $1.6 billion from 2014 to 2017, creating over 32,000 jobs and contributing $2.3 billion to the province\u2019s GDP,\u201d said FilmOntario co-chair and New Real Films President Jennifer Jonas. \u201cWith this re-statement of the government\u2019s commitment to the industry, we can expect to grow by 5% annually over the next three years, bringing an additional 7,000 jobs to Ontario.\u201d<\/p>\n

The Budget documents also noted the important investments in studio infrastructure at Pinewood Toronto and Cinespace Film Studios, as well as in new spaces such as Markham Movieland\u2019s First Studio City and CBS Television Studios\u2019 new Mississauga location, that will build on Ontario\u2019s ability to support increased production in the province. Such investments are already attracting business, such as Netflix\u2019s recent announcement of a production hub in Toronto, also noted in the Budget.<\/p>\n

\u201cThe commitment shown by the government has meant that our production partners are looking at Ontario as a great place to do business,\u201d noted John Weber, FilmOntario Treasurer and President & CEO of Take 5 Productions. \u201cThe expansion of our physical infrastructure, combined with our competitive and stable incentives, great locations, and professional on- and off-screen talent, are a great draw for producers from all over the world.\u201d<\/p>\n

\u201cWe look forward to working with the newly announced Ministers\u2019 Film and Television Advisory Panel on ways to continue to grow the industry, and to find ways to support both our domestic producers and our partners from around the world who choose to come here,\u201d added FilmOntario co-chair and ACTRA Toronto Executive Director Sue Milling. \u201cThe strength of Ontario\u2019s production ecosystem is its balance between domestic and service work, and the 2019 Budget will allow us to continue our efforts on behalf of all our members to maintain and strengthen our unique industry make-up.\u201d<\/p>\n

Other Budget notes:<\/p>\n