Mar 02, 2016
By Michael Kramer
Saskatchewan’s NDP plans to call “action!” on a new film employment tax credit – if they form the next provincial government. Voters head to the polls April 4th.
NDP Leader Cam Broten says the new deal for filmmakers would be made up of a 45 per cent refundable tax credit for labour, plus 15 per cent for other costs, including post-production done in Saskatchewan.
There was a torrent of criticism when the province cancelled a film employment tax credit in March 2012.
Premier Brad Wall said at the time that Saskatchewan was not going to participate in the film bidding war between provinces.
But Broten says the Saskatchewan Chamber of Commerce calculated the cost of the former film tax credit at just over $1 million per year – while it also estimated that the net economic benefit was $44.5 million.