"Ontario's film industry has been taking a beating from the rise of the Canadian dollar, in addition to tough economic times. In Toronto, the amount of U.S. movie and TV production dropped to $100 million last year from $300 million in 2007.
American states, including New York and Michigan, have been luring U.S. film productions to their locales with tax breaks, also.
At stake in 2009 is about 16 TV pilots scouting North America for locations with the best tax incentives."
Saturday, February 21, 2009
Ontario Makes Film & TV Tax Credit Permanent
According to the CBC the province of Ontario has made a tax credit boost which provided an extra $165 million in 2008 permanent. The move was made following a vote in California on Thursday to boost their own tax credit.