A Hallmark movie filming in Vernon in 2021 (Liam Verster/Vernon Matters Staff)

By Liam Verster

Movie & TV Incentive Increases

Incentives increasing for film, TV productions in B.C.

Dec 12, 2024 | 1:45 PM

The B.C. Government is taking steps to ensure the film and television industry continue to operate in the province.

Budget 2025 will include increases to the Film Incentive B.C. (FIBC) tax credit, which supports Canadian-content production, and the production services tax credits (PSTC) that provides a tax incentive for international projects made in B.C.

The province said this will help maintain and increase good paying jobs in the film and TV industry in B.C.

“Our province is home to one of the busiest film and TV production centres in North America,” Premier David 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. We’re boosting tax incentives – and our competitive advantage – to ensure that our province remains a destination of choice for filmmakers in Canada and around the world, employing skilled British Columbian crews.”

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With the approval of the budget, the FIBC will increase from 33 to 36 per cent, while the PSTC will increase from 28 to 36 per cent.

Additionally, to help incentivize major film and TV productions in B.C., the provincial government will give a two per cent bonus tax incentive for productions valued at over $200-million.

“We know that incentives and investments in B.C.’s film sector are generating significant returns for British Columbians, local film crews, and B.C. businesses,” Brenda Bailey, Minister of Finance, said.

“Today’s announcement solidifies B.C.’s competitive advantage as one of the world’s top filming destinations and our commitment to strengthening our economy all across B.C.”

The province also plans to restore regional and distant location tax credits for companies based outside of Metro Vancouver, the Fraser Valley, and Whistler and Squamish.

“B.C. is a motion-picture powerhouse with spectacular locations, world-class crews, studios and outstanding creative talent that major productions rely on,” Spencer Chandra Herbert, Minister of Tourism, Arts, Culture and Sport, said.

“I was recently in Los Angeles and heard directly from studio executives about the significant production increases in B.C. that would flow from changes like these. These changes will help us land more top-tier projects, fuel economic and job growth, and showcase everything we love about B.C. to the world.”

The B.C. Government noted other jurisdictions have or are planning increases to film and TV tax credits, and increasing the FIBC and PTSC will ensure B.C. remains competitive.

The province noted that, according to Creative B.C., the film industry generated $2.7-billion in gross domestic product in 2022, roughly one per cent of the provincial GDP, while the industry generated roughly $2-million in 2023, noting that decline could be attributed to the writer strike that impacted the industry globally.