Tax Credit Changes Spur Job Creation Competitiveness

first_imgRecent changes to the province’s film industry and digital media tax credits are helping production companies secure new contracts and create exciting job opportunities for Nova Scotians. “Through these changes, we have made Nova Scotia’s film, television and new media industries more competitive, and ensured that they will continue to play a significant role in the economic prosperity of our province,” said Premier Darrell Dexter. “This is in line with jobsHere, and is a prime example of how that strategic plan is growing the economy by creating good jobs.” Premier Dexter toured Halifax-based DHX Media Limited today, Jan. 24, to see first-hand the difference the changes have made. “We expect that we will be doubling our workforce over the next year,” said Michael Donovan, executive producer and CEO of DHX Media Ltd. “These high-value jobs will include modelers, riggers, texture artists, animators, lighting and compositing crews, production support staff, series directors and storyboard artists.” In December, the province removed the total production cap for the film industry tax credit, allowing producers to claim up to 50 per cent of eligible labour and encouraging them to hire more Nova Scotians. The residency requirement, which was impeding job creation, was also removed. Now companies can claim full tax credit on employees who are residents of Nova Scotia, for tax purposes, during the production period. “The amendment to the digital media tax credit’s residency requirement is helping us to attract more highly skilled employees to our video game business,” said Gerard Guillemot, of Longtail Studios. “We look forward to the continued growth of this studio, and to employing highly skilled, young, and creative professionals that contribute to the Nova Scotia economy.” Longtail Studios will be applying for the tax credit for the two games created in its new Halifax studio. Its most recent project, Dance on Broadway, was released last June for Nintendo Wii and is set to be released in March for another console. Nova Scotia’s film, television and new media industry is the fourth largest in Canada, generating more than $100 million in economic activity and creating about 3,000 full time jobs annually. For more information visit . jobsHere is the provincial economic growth plan to strengthen Nova Scotia’s workforce with the right skills for good jobs, increase productivity and advance global competitiveness to grow the economy and make life better for families.last_img