Alberta to triple film and television tax credit by 2025
Global News
With an eye on growing Alberta's film and television industry, the government is expanding its tax credit in the coming years.
The Alberta government is sweetening the pot for more film and television productions to come to the province.
Tuesday afternoon, Minister of Jobs, Economy and Innovation Doug Schweitzer announced the film and television tax credit was expanding.
This fiscal year, up to $70 million in tax credits will be handed out to eligible productions. That amount will expand to $225 million in the 2024-25 fiscal year.
Schweitzer noted the province has hosted many high-profile productions, including Ghostbusters, Fraggle Rock and HBO’s The Last of Us.
“I had to be quiet about this one because I actually got to go visit the set and I couldn’t tell anybody about it because of the confidentiality around it, but the most recent movie in the Predator series called Prey was filmed right here in Alberta – the trailer just dropped this week.”
In January 2020, the Alberta Film and Television Tax Credit replaced the screen-based production grant. And in March 2021, the per-production cap was eliminated.
Under the tax credit, companies looking to produce on-screen content in Alberta could apply for a 22 or 30 per cent credit.
In just over two years’ time, 62 productions were pre-approved for $144 million in tax credits.
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