B.C. announces increased tax incentives to attract more film and TV productions [Video]

B.C. has announced increased tax incentives to attract more major film and television productions to the province.

Premier David Eby said on Thursday that next year’s budget will include increases to the Film Incentive BC (FIBC) tax credit, which supports Canadian-content productions, and the production services tax credit (PSTC) that provides a tax incentive for international projects made in B.C.

“Our province is home to one of the busiest film and TV production centres in North America,” Eby said. ͞”But film production in B.C. has taken a big hit over the last few years, responding to significant impacts from the pandemic, multiple labour disruptions and changes to industry practices.”

In October, California Gov. Gavin Newsome proposed to more than double the state’s film tax credit program from $330 million to $750 million a year, hoping to attract more productions back to the state.

British Columbia currently offers a 28-per cent production services credit to both domestic …