OTTAWA – The Canadian Television Fund (CTF) has introduced a pilot program to encourage production in regions where volumes decline significantly. The first areas to benefit from the $5 million incentive are Alantic Canada and Quebec, where production activity fell below the target level in 2007-2008.
The CTF will continue to monitor production activity in five areas: Atlantic Canada; Quebec; Ontario and Nunavut; the Prairies; and British Columbia, the Yukon and the Northwest Territories.
If production activity falls below 20% of a five-year average in any area, the CTF could implement the Production Incentive Pilot Program in that region the following fiscal year.
The Production Incentive is for English-language productions and takes the form of a licence fee top-up, consisting of 10% of a project’s eligible costs up to a maximum of $1 million per project.
The incentive is awarded separately and in addition to any amounts contributed to eligible projects through other CTF streams. It will be awarded to eligible projects on a first-come, first-served basis. Applications will be accepted beginning May 20 and until the allocations for the incentives are depleted or until December 8, 2008, whichever comes first.
