Canada, India Finally Enact Film Co-Production Treaty
TORONTO – A long-awaited audiovisual co-production treaty between India and Canada is now signed, sealed and delivered.
India, and its giant Bollywood film industry, from July 1 became the 54th country to have an official co-production treaty with Canada.
The agreement will allow film producers in both countries to tap into various incentives and tax breaks offered by both governments.
Canadian filmmakers like Deepa Mehta, Sturla Gunnarsson and Richie Mehta have long made films in India, and large Indo-Canadian communities in Vancouver and Toronto are considered key overseas markets for Bollywood.
But government-sanctioned and subsidized coordination between the Canadian and Indian film industries had never happened, until now.
The India-Canada co-production treaty being enacted follows a diplomatic push by the ruling Conservatives in Ottawa to see a first-time film treaty help draw votes from Indo-Canadian communities in Vancouver, Toronto and Montreal, and the British Columbia and Ontario provincial governments subsidize Indian film award shows here in recent years.
The official co-production treaty will enable producers from both countries to share production coin and risk on film and TV projects.
And Bollywood will look to shoot more movies in Canada, as well as get more of its movies in front of the growing Indo-Canadian market here.