Ontario film tax credits reduced, a knock to industry’s tax stability
“In Toronto, last year, we saw almost $700 million worth of domestic production. That’s something we always wished for – a robust domestic industry in this country. And now we have it.” Those comments were made by the president of ACTRA Toronto, David Sparrow, in a recent BNN interview. ACTRA is the union representing professional performers working in Canada’s English media. Just one day after Sparrow’s remarks, the Ontario government unveiled its 2015 budget, which included plans to reduce tax incentives for the film industry.