The numbers are in, folks.
• $24 million for the Film Industry Tax Credit
• The Film Industry Tax Credit will change from one that is fully refundable to one that is 25 per cent refundable.
• The remaining 75 per cent of the eligible tax credit will be provided as a non-refundable credit, available to film companies against the taxes they owe in Nova Scotia.
“Film and Creative Industries Nova Scotia absorbed into Nova Scotia Business Inc.””
“the government says the credit will be reduced to $6 million next year, a move it concedes will make the province less competitive with most other jurisdictions.”