Quebec's New Tax Measures Impact The Competitiveness And Stability Of The Film Production Industry The visual effects (VFX) and animation industry in Montreal, once a thriving hub of creativity and innovation, is now grappling with significant challenges. Recent amendments to Quebec's tax credit for film production services have led to widespread concern, layoffs, and a sense of uncertainty among industry professionals. This article delves into the impact of these tax credit cuts on Montreal's VFX and animation workers, highlighting their struggles and the broader implications for the industry. The Impact of Tax Credit Cuts The Quebec government's decision to amend the tax credit for film production services has sent shockwaves through the VFX and animation industry. The new measures, which came into effect earlier this year, include an increase in the base rate of the tax credit from 20% to 25% and a cap on its application to 65% of a contract's value. This cap i...
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