Last updated: May 26 2015
An outcry from Hollywood means Ontario will delay tax credit cuts.
According to a CBC article, Ontario is going to delay some of the tax credit cuts for film producers who voiced their concerns the changes proposed in the new provincial budget will hurt their productions currently underway.
Film producers already working in the province will continue to see a 25 per cent tax credit rate, rather than the 21.5 per cent tax break unveiled in the spring budget. Film producers scheduled to shoot in Ontario lobbied the province, and will be grandfathered to the old rate.
The computer animation and special effects tax credit was also cut, from a 20 to 18 per cent refundable tax credit.
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