Nova Scotia Tories promise to spend $34 million to revive film tax credit
HALIFAX — Nova Scotia’s Progressive Conservatives are promising to bring back a refundable film tax credit if elected May 30, taking aim at the creative-industry workers the Tories need to win over if they hope to make gains in the vote-rich Halifax area.
Tory Leader Jamie Baillie said Wednesday he would spend $34 million to revive the credit in a bid to aid the film and TV industry.
Baillie said the industry was set back when the Liberals controversially axed the tax in the 2015 budget and needs a tax credit model that is predictable.
He conceded the amount for the new fund is “somewhat open-ended,” and would likely be determined by market conditions.