International shooting film stage wellness Citi UPS International

Quebec Production Hopes to Bounce Back With ‘Crucial’ Tax Incentives

Reading now: 489

Jennie Punter With the effects of the 2023 strikes growing smaller in the rearview mirror, Quebec has fine-tuned its incentives and is revving up for more than just a simple recovery in 2024.

In January, the Quebec Film and Television Council warmed up post-strike Hollywood with a trade mission to reacquaint producers with the province’s strengths: a deep crew base (57,000 pros work in the audiovisual sector, roughly 27,500 of those on international productions); state-of-the-art soundstages near downtown Montreal; diverse locations; world-class animation and post-production studios; and a large VFX hub of award-winning talent.

On March 12, La Belle Province made itself even more attractive by increasing its all-spend refundable tax credit for eligible service productions (CSPC) from 20% to 25% in the government’s 2024-25 budget.

SODEC, the government agency that jointly administers tax credits with Revenue Quebec, told Variety via email that the budget also adjusted the tax measure for computer-aided animation and special effects, including scenes shot in front of a chroma key — the 16% bonus applies to eligible labor expenditures (capped at 65% of an animation or VFX service contract).

The website is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News