Ontario says Hollywood can look to it for tax credit stability, despite the Canadian province imposing a surprise cut in generous taxpayer subsidies for foreign producers last year for budgetary savings.
“Industry execs are always looking for reliable places to play host to their productions. They’re looking for stability,” Ontario culture minister Eleanor McMahon told a consortium of Toronto-based studios, producers and unions, during an address Nov. 30 at the Ritz-Carlton Hotel.
McMahon added her ministry will “market our talented film crews, world-class facilities and stable tax credit infrastructure to the world.” Ontario studio and production execs routinely tour studio lots in Los Angeles to promote tax credits, local crews and acting talent, Toronto landmarks and versatile locales as grounds to shoot films and TV shows in Toronto.
See more at The Hollywood Reporter