Americans Getting Dual Citizenship To Use Canada’s Production Tax Incentives | Deadline
2014/11/20 Leave a comment
Interesting side effect of measures to strengthen the Canadian film and television industry:
Dual residency has become a popular way for American filmmakers to find work with producers who get tax breaks when they hire Canadians. The veteran director [unnamed] says he has no qualms about his decision. “If it were Iran, I’d have a pang,” he said, laughing, “but I see Canada as a more refined version of the United States. It’s a cool country. I don’t see a big difference.
“People have been doing it for 20 years,” he continued. “Primarily it has to do with production companies getting a tax credit to film in a particular Canadian province. If you hire a certain number of Canadian workers, they give you a tax credit.” The credit can be as much as 60% of production costs, depending on the number of “points” a production accumulates.
Americans Getting Dual Citizenship To Use Canada’s Production Tax Incentives | Deadline.
