The estimated total cost of the tax credit in 2021 is $265 million.
film tax credit
There are better ways for government to attract business besides corporate welfare.
There is apparently no shortage of politicians with a not-so-secret Hollywood love affair: they love to throw tax sweeteners and direct subsidies at the film industry, this in an effort to lure film production to their province or state.
The latest starry-eyed politician is the British Columbia opposition leader, Adrian Dix. In his run-up to that provinces May election, the B.C. NDP leader has promised to up the film tax credit for labour costs to 40 per cent, up from 35 per cent.