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.
â€œI recognize this change will be deeply felt and many will react negatively,â€ said Finance Minister Diana Whalen. â€œWe simply cannot afford to maintain the credit in its current form.â€ Continue reading.