Credit hold in Canada
EmptyThe Canadian government said Thursday that it will maintain a federal tax credit for visiting American film and TV producers at its current level, even as U.S. border states consider pulling or reducing their tax sweeteners.
"We're keeping the rate as it is," Heritage Minister James Moore told the Prime Time conference for indie producers in Ottawa.
The federal government offers a 16% credit to U.S. and other foreign producers who shoot in Canada.
Canadian credits figure largely when studios determine whether to shoot projects in Los Angeles, elsewhere in the U.S. or abroad. (partialdiff)