Sask Film makers not happy with new tax program
Filmmakers in Saskatchewan have once again taken to YouTube to explain why they are not happy with the new offer from the provincial government.
The Saskatchewan Media Production Industry Association released a YouTube video reaction to the province's implementation of a non-refundable film tax credit last week to replace the cancelled film employment tax credit.
Holly Baird from Trilight Entertainment insists they'll continue working with the government for change.
"This non-refundable program it just doesn't work and it hasn't been proven to work if it's been implemented," she said.
Kevin DeWalt of Minds Eye Entertainment agrees, saying the alternative program might work in other industries like potatsh or oil and gas, but won't work for film.
"If you're a small business and you're only paying two per cent or three per cent corporate taxes in Saskatchewan, for a million dollar tax credit you'd have to make a profit of around $20 or $25 million for the production company to access that tax credit," he said.
The YouTube video claims a film with a $7 milliion budget made in Saskatchewan by a small business would need to make $85 million to receive the tax credit.
Edited by News Talk Radio's Adriana Christianson