Released on July 18, 2002
The provincial government has made it easier for film and video companiesto do business in Saskatchewan.
Ammendments made to The Film Employment Tax Credit Act and regulations have
reduced red tape for smaller budget productions and paperwork related to
residency requirements for industry workers.
"The film industry knows that Saskatchewan is a great place to do
business," Culture, Youth and Recreation Minister Joanne Crofford
said. "These amendments affirm government's commitment to a competive film
industry."
The amendment regarding financial accounting allows productions with
budgets between $200,000 and $500,000 the option of providing a simplified
financial review.
Another amendment simplifies declarations of residency. It also identifies
that workers who earn less than $500 do not have to submit a declaration of
residency.
"These regulations bring Saskatchewan's practice in line with other
jurisdictions so our province remains fully competitive for the film
industry," Crofford said. "These are progressive changes that remove red
tape for film companies while maintaining the industry's accountability to
the province."
Growth in Saskatchewan's film industry represents a direct economic impact
of about $54 million annually and supports over 700 jobs.
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For more information, contact:
Wendy Campbell
Culture, Youth and Recreation
Regina
Phone: (306) 787-1062