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By Connor Gunn (LethbridgeNewsNow)

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Province gives funding for television and film production

Mar 27, 2021 | 11:00 AM

The Alberta Government has created the Film and Television Tax Credit to help fund medium and big-budget television and film projects.

“To build on the success of the program, Alberta’s government is removing the $10 million per project cap to make the province an even more desirable location for larger film productions,” a release reads.

The province hopes to have future growth in this sector and encourages the development of production studios here in Alberta.

Officials say the tax credit has a significant return on investment, with every $1 in tax credits distributed creating roughly $4 to be reinvested into Alberta’s economy.

“These changes to the Film and Television Tax Credit are going to attract hundreds of millions of dollars in productions which leads to the development of film studios and creates hundreds of jobs ranging from carpenters to lighting technicians. Productions will fill hotels, drive diversification and provide customers to small businesses across Alberta,” says Doug Schweitzer, Minister of Jobs, Economy, and Innovation.

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Since the Film and Television Tax Credit launched in January 2020, the release says, it has approved 31 medium and large-scale productions with an anticipated spend of $177.6 million and 3,300 jobs for Albertans.

Applications approved by the program so far represent a variety of production types and genres, including:

• One digital media production
• 10 feature films, including one comedy, three documentaries, five dramas, and one science fiction production
• 20 television series, 13 of which are returning

The province hopes that successful Film and Television Tax Credit applicants will create thousands of good-paying jobs for Albertans, as removing the per-project cap will embolden more longer-term television series to come to the province.

More information on the credit can be found here.