How an Increase of BC's Tax Incentives to 36% Would Impact BC’s Position in the North American Film Market

An increase in British Columbia’s Production Services Tax Credit (PSTC) to 36% for film production would significantly enhance the province’s attractiveness as a global film production hub. Currently offering a 28% tax incentive, BC is already a top choice for international film and television projects due to its competitive incentives, skilled workforce, and diverse filming locations. However, a hike to 36% would dramatically strengthen its position in the North American market.


Firstly, BC would become even more competitive with regions like Georgia (USA), which offers a flat 20% incentive with an additional 10% for including a state logo in the production. While Georgia has seen a massive boom in production, an increase in BC’s tax credits would make it a more appealing alternative, particularly for productions requiring high-end visual effects (VFX), which BC excels in.


Secondly, Ontario and Quebec, two of BC’s strongest competitors within Canada, offer similar labor-based credits. Ontario offers 35%, and Quebec up to 37.5%. A 36% rate in BC would level the playing field, attracting productions that might otherwise opt for these provinces.


In addition to attracting larger Hollywood productions, an increase in BC's PSTC would also appeal to streaming giants like Netflix and Disney+, which are continuously looking for cost-effective production locations to meet the growing demand for content.


Overall, a 36% PSTC would solidify BC's position as one of the most competitive and desirable filming destinations in North America, driving increased investment and further growth in the local film industry.

Chris Sturges, Business Development Director for Suspiciously Convenient Productions Inc

Contact: chris@suspiciouslyconvenient.com

Tags: #Film Industry #Local Business #Vancouver #Vancouver Films