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Quebec Production Hopes to Bounce Back With ‘Crucial’ Tax Incentives

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variety.com

Jennie Punter With the effects of the 2023 strikes growing smaller in the rearview mirror, Quebec has fine-tuned its incentives and is revving up for more than just a simple recovery in 2024.

In January, the Quebec Film and Television Council warmed up post-strike Hollywood with a trade mission to reacquaint producers with the province’s strengths: a deep crew base (57,000 pros work in the audiovisual sector, roughly 27,500 of those on international productions); state-of-the-art soundstages near downtown Montreal; diverse locations; world-class animation and post-production studios; and a large VFX hub of award-winning talent.

On March 12, La Belle Province made itself even more attractive by increasing its all-spend refundable tax credit for eligible service productions (CSPC) from 20% to 25% in the government’s 2024-25 budget.

SODEC, the government agency that jointly administers tax credits with Revenue Quebec, told Variety via email that the budget also adjusted the tax measure for computer-aided animation and special effects, including scenes shot in front of a chroma key — the 16% bonus applies to eligible labor expenditures (capped at 65% of an animation or VFX service contract).

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