Tag #Hollywood North

"What broader economic factors influenced the B.C. government's decision to increase film tax credits, and how do these incentives aim to address these factors?"

"These increases aim to counter the impact of global competition and labor issues that reduced B.C.'s film industry revenue from $2.7 billion in 2022 to $2 billion in 2023. The government emphasizes maintaining B.C.'s position as a leading global production hub, citing that foreign productions constitute 80% of total spending. The incentives, effective January 1, 2025, also restore regional tax credits previously cut.",