Impact of the Film Employment Tax Credit (FETC) on the Film and Video Industry of Saskatchewan.

A study commissioned by Sask Film and the Saskatchewan Chamber of Commerce to determine the actual sector value and net cost to government of the Film Employment Tax Credit (FETC) cut in the 2012 Provincial Budget

“A study commissioned by Sask Film and the Saskatchewan Chamber of Commerce to determine the actual sector value and net cost to government of the Film Employment Tax Credit (FETC) which was cut as part of the 2012 spring budget has determined that the FETC had a net cost of only $1.3 million, rather than the $3 ? $8 million annually which the government had estimated.”

“The revenues generated from the projects which were approved for the FETC program averaged $44.5 million annually, while the direct government contribution averaged $7.772 million. The projects generated $6.5 milion in taxes to the province, resulting in a net cost of only $1.3 million.”

– From Saskatchewan Chamber of Commerce Media Release [DOC:16]