EDMONTON – The province of Alberta announced a new Film and Television Tax Credit program this week.
Application intake for the program is now open “and will support projects that create Alberta jobs, boost investment and raise Alberta’s profile on the small and silver screen,” reads the press release.
The program offers productions a refundable tax credit to help cover Alberta production and labour costs up to a maximum of $10 million per project. Applicants may be eligible for either a 22% or 30% tax credit for productions that are Alberta owned.
According to the provincial government, Alberta graduates more than 3,000 creative industry professionals from its post-secondary institutions every year, and more than 3,200 Albertans are employed in the province’s motion picture and video industry. Every $1 million of production activity in the screen-based production sector creates about 13 Alberta jobs and every $1 million of government investment under the Film and Television Tax Credit program is expected to support about 60 Alberta jobs.
“Disney has a long history of creating content in Alberta, and we recently celebrated the launch of TOGO on Disney+, which was filmed in the province. We are pleased to see that the Alberta government is launching a film and television tax credit and we look forward to working with them to continue to create stunning content using Alberta’s landscapes and crews,” said MaryAnn Hughes, Disney’s vice president, production and investment planning, in the province’s press release.
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