The Saskatchewan government has announced that it is eliminating the Saskatchewan Film Employment Tax Credit Program. From the CBC news report:
Finance Minister Ken Krawetz announced Wednesday that the province can’t afford the film employment tax credit and so the program will be wound down.
The subsidy provides a tax credit of up to 55 per cent of the labour costs in film and video productions.
Sitcoms like Corner Gas and TV movies like Prairie Giant: The Tommy Douglas Story, were among the Saskatchewan productions made with the help of the program.
Tax credit incentive programs remain in flux in a variety of jurisdictions: as Saskatchewan winds down its program, many US states are re-assessing the advisability of their existing programs (Despite Budget Crunch, the Great Film Production Incentives Race Continues) and the UK has just announced the creation of a new targeted television tax credit.