Download PDF - Stewart McKelvey
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______________________________________________________________________________<strong>Stewart</strong> <strong>McKelvey</strong>Doing Business in Atlantic Canada• Film Tax CreditIn order to encourage the training and hiring of New Brunswick film personnel, the provinceprovides a Film Tax Credit equal to a maximum of 40% of eligible salaries paid to New Brunswickresidents. The value of this credit may also be included as part of the calculation of a productioncompany's equity in a production.• Film Production IncentivesIn addition to the Film Tax Credit noted above, the province funds a number of other programs andincentives aimed at supporting the New Brunswick film industry, through its New Brunswick Film agency.These include the following:• Development Loan ProgramThis program provides non-interest-bearing loans to eligible film production companies in order toassist project development.• Equity InvestmentsIn order to support New Brunswick-based production, New Brunswick Film may provide equityinvestment in projects where the potential of recoupment and profits are sufficiently high, andwhere there is potential for significant benefit to the province's film industry.There are a number of other programs available, such as industry-specific assistance for agricultural,fisheries and aquaculture operations. For further information on New Brunswick’s investment programs andincentives, contact:Business New BrunswickCentennial Building670 King StreetFredericton, New BrunswickE3B 1G1CanadaTel: 506-453-3707Fax: 506-453-3993E-mail: investnb@gnb.caWeb: http://www.gnb.ca/0398/index-e.aspPrince Edward Island• New Business Investment DivisionThe Business Investment Division is responsible for attracting off Island investment to Prince Edward Island.The current priority sectors for investment recruitment are the sectors of Food, Aerospace, Manufacturing,IT, Film and New Media and BioScience.Prince Edward Island Business Development recognizes that there is always risk in the development orexpansion of a business. It also recognizes that it is sometimes the venture that promises the greatestreturn to the province that involves the greatest amount of risk. In order to minimize the potential risks,Prince Edward Island Business Development has developed a portfolio of financial assistance programswhich are briefly described below:Page 90