The New Brunswick government will remove caps on the province’s generous 40% labor tax credit in response to the Film nb task force report which was presented and approved in the legislature earlier this month.

New Brunswick’s current tax credit has a $1-million cap for production and $2-million cap per company in any 12-month period. The task force report recommended only that the latter cap be removed, but the government indicated it will remove both.

According to Ray Wilson, executive director at Film nb, ‘The tax-credit cap has not been a hindrance to our industry so far, but as we grow and the number of inquiries increases it is getting to be a concern.’

Since removing the tax-credit caps requires a legislative change, it cannot be done until the fall when the next legislature is in session.

Also recommended by the government, but not suggested in the report, was the implementation of a Film nb advisory committee to provide input into major policy decisions and provide effective consultation with the industry.

Wilson says the government has accepted all the recommendations made by the task force and it is now up to the film commission to begin implementation.

Wilson, who has been filling in at Film nb since last fall when Sam Grana stepped down, has been confirmed as the permanent executive director.