|Number of productions
receiving the credit
Total Production Spend in Nova Scotia
|Total Eligible Salaries||$39.4|
|Tax credit expenditureX||$15,530,000||$22,510,000||$16,390,000||$27,380,000||$23,500,000||$24,094,000|
|(fiscal year expenditure)Y||???||$24,224,168||$15,451,620||$23,543,000||$24,094,000|
|Labour rebate rate
|All-spend rebate rate
|35-40% ???Z ???|
|$112 ($99)||$115 ($104)||$125 ($98)||$139 ($122)|
|Total FTE employment||2430||2470||2270||2730|
|Direct FTE employment||1010||1020||940||1140|
|FTE salary (NS)6||$49,175||$51,058||$52,515||$53,421|
1 Currently little or no data is available from the NS Film Tax Credit program. I'm trying to obtain numbers for this.
X This is the amount of tax credit generated by the eligible salaries incurred during the specified fiscal year. The actual payout might be from this or a future fiscal year, depending on when the final Part B certification was issued after. Source: NS Department of Finance press briefing handout, via Globe and Mail story.
Y This is the amount of money paid in film credit rebates from the specified the fiscal year. The money may be for salaries actually incurred in a previous year. Source: 2012-13 and 2013-14 values From the appropriate year's Public Accounts Supplementary (apparently not reported out in earlier years). 2014-15 and 2015-16 are the forecast and estimate, respectively, from the Budget Assumptions and Schedules, 2015-16.
Z Dividing the $27.38 million rebate into $39.4 million of eligible salaries produces a rebate rate of 69.5%. This would seem impossible, as the maximum is 65%, and the total rebate rate would be somewhat lower depending how many of the productions qualified for the 5% (repeat) and 10% (regional) bonuses. The Department's press backgrounder used a value of $26.4 million for the cost of the credit for the "tax year", which would still mean an impossible 67%. I'm looking into getting a consistant set of numbers. This causes a similar problem trying to calculate the "all-spend" percentage.
2 "Industry totals" are generally from the report "Profile 2014" by the Canadian Media Production Association (CMPA). But see note on "Production volume"
3 The industry tends to use the term "production volume" as a synonym for the total budget of a production, which may be spent in various jurisdictions. Not to be assumed the same as the amount spent in NS. The primary numbers are from the 2013/14 annual report of the government's "Film & Creative Nova Scotia" agency (now disbanded). The alternative numbers in orange are from the CMPA Profile 2014. My understanding is that the CMPA assigns the total budget of a production to a single province based on
4 The "broadcaster in-house" segment (news, sports and other material which television broadcasters create themselves), which would not flow through a film tax credit. The numbers seem to be reported on calendar year, not fiscal year, and I've matched them up to the closed fiscal year (2013 to 2013-14, for instance).
6 The NS FTE wage is a simple multiplication of the national FTE wage by the Nova Scotia multipler; both numbers from CMPA profile 2014.