The Nova Scotia Film Development Corporation has drafted a proposal for a financial incentive strategy to create long-term employment and stimulate private investment in the Nova Scotia film industry.

The proposal covers three main areas: production equity investment programs – the nsfdc currently offers this type of assistance, but is asking for an additional $800,000 to invest in Nova Scotian productions; a Nova Scotia producer tax rebate which would reimburse producers up to 30% of what they spend on new job creation; and a locations rebate incentive that would encourage out-of-province producers to shoot in Nova Scotia.

In addition, the nsfdc is recommending expanded tax incentives to attract private investment in films and the development of a tax credit rrsp-linked capital pool to be used for industry development.

The proposal was developed by nsfdc president Roman Bittman and is being circulated to the film industry and government for comment and input.