From Canadian Press:
Nova Scotia to overhaul film tax credit as budget forecasts $98-million deficit
The $10-billion budget maintains a $24-million annual film tax credit for this year but restructures it. And next year, the credit will be reduced to $6-million next year, a move the government concedes will make the province less competitive with most other jurisdictions.
“I recognize this change will be deeply felt and many will react negatively,” said Finance Minister Diana Whalen. “We simply cannot afford to maintain the credit in its current form.” Continue reading.