Calgary and Alberta expect to welcome more major Hollywood productions, following a decision by the Government of Alberta to remove its Film and Television Tax Credit cap.
Alberta is already a choice location for big-budget film and television productions, thanks to its competitive tax environment, affordable labour costs and breathtaking scenery. Now, with the removal of the $10 million per project cap, the province has the opportunity to attract even larger film productions and increase its impact on the provincial economy.
“These changes to the Film and Television Tax Credit are going to attract hundreds of millions of dollars in productions which leads to the development of film studios and creates hundreds of jobs ranging from carpenters to lighting technicians,” said Doug Schweitzer, Minister of Jobs, Economy and Innovation. “Productions will fill hotels, drive diversification and provide customers to small businesses across Alberta.”
Calgary has hosted a number of productions crews in the last year, including shoots for Black Summer, Wynonna Earp and a reboot of Fraggle Rock.
"Alberta is a location of choice globally for film and television production," said Luke Azevedo, Commissioner, Film, Television & Creative Industries, Calgary Economic Development. "Our vistas, talent, crews and safe, film-friendly environment are world class. With the support of Minister Schweitzer and the Government of Alberta, we can now compete internationally for large budget projects that will have a significant impact on the provincial economy and create more jobs in this exciting, growing sector."
The update to the tax credit is expected to bring in hundreds of long-term, good-paying jobs for Albertans in the Creative Industries sector and will have a significant return on investment – with every $1 in tax credits distributed, roughly $4 is expected to be reinvested into Alberta’s economy.
Since the Film and Television Tax Credit launched in January 2020, it has approved 31 medium and large-scale productions with an anticipated spend of $177.6 million and 3,300 jobs for Albertans.
For more information on Calgary’s Creative Industries, visit our sector page.