As reported by the
Washington Post, television and film production companies spent nearly C$1 billion in Ontario last year, the highest level since 2002. A new provincial credit "that gives foreign moviemakers a 25 percent tax break on a range of production costs" is credited with Toronto 's continued role world-centre for film and television production even as the strong Canadian dollar threatens Toronto's "competitive edge".
"Toronto, long a movie stand-in for New York, has led Ontario to an
impressive rebound in the cutthroat film and television sector, but a
strong Canadian dollar could dull the region's competitive edge."
"The industry spent nearly C$1 billion ($970 million) in Ontario last
year, up 41 percent from 2008 and the highest level since 2002,
according to the Ontario Media Development Corp, an agency of the
provincial government."
"The rise reflected a hefty new provincial credit that gives foreign
moviemakers a 25 percent tax break on a range of production costs, up
from 25 percent on only eligible labor costs previously."
"But filmmakers say a stronger Canadian dollar could offset some of
the gains, as the currency climbs toward parity with its U.S.
counterpart."
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hereoriginal source
Washington Post