BC ponders new tax credits for film, digital media

VANCOUVER – British Columbia has proposed new tax credits for digital media and changes to provincial film tax credits in order to boost the province’s profile as a competitive production location.Subject to approval by the legislature, the planned tax measures include: - A new B.C. Interactive Digital Media tax credit for video game development of 17.5% of qualifying provincial labour costs;- Production services tax credit on labour costs for foreign productions increased to 33% from 25%;- Digital animation or visual effects tax credit bonus increased to 17.5% from 15% per cent; and- Qualified B.C. labour expenditures cap increased to 60%...