And then there is the restructuring of the Film Tax
Credit (FTC). The changes that have been
made are quite dramatic and will have a disproportionate impact on film production
in the Halifax region. Since the introduction of the FTC in the 1990's the
industry has grown significantly, and benefits our Province in a number of
ways. It leads to jobs in the industry, and has deeper impacts in supporting
other industries and entrepreneurs across the community. I have been on sets locally
and seen how many local companies benefit from the film and animation projects.
The financial impact of restructuring the FTC depends on
who you ask, but people in the industry and other observers are more than
worried about the net result. So am I.
I am reticent to challenge the decisions of other
governments as they grapple with tough action. I know from my own political
experience, and particularly that of my father who governed in challenging
times, that there isn't an easy route out of deficit and debt. And I know that
most people are inclined to urge restraint and serious action to reduce government spending,
until it has an impact on them or their projects. I also know that Premier McNeil and
Minister Whalen are good people who are focussed on doing the right things,
even when they are not popular, and they are on the right track. But I think
this plan needs to be adjusted.
I am pleased that Minister Whalen is meeting with
representatives of the film industry, and I urge reconsideration of the dramatic changes to the film
tax credit.
