Alberta raising tax incentive cap
Sweeteners similar to those from Ontario, QuebecTORONTO -- Looking to draw Hollywood producers northwards amid growing competition from rival provinces, the Alberta government is to announce Wednesday that its tax rebate for film and TV producers will raise its cap from CAN$3 million ($2.78 million) to CAN$5 million ($4.6 million).
The Alberta Film Development Program, which offers Los Angeles producers a grant worth 20% of eligible local labor expenditures, will sweeten its pot to keep pace with Ontario and Quebec after those provinces okayed Hollywood producers to write off 25% of total production expenses beyond labor costs, including equipment and studio rentals.
Alberta last raised the program funding cap from CAN$1.5 million ($1.38 million) to CAN$3 million ($2.78 million) in October 2008.
Recent U.S. production in Alberta includes the ABC Family TV movie "Santa Baby 2" and Fox Television Studios' TV movie "The 12 Men Of Christmas."