| 2010-11 | 2011-12 | 2012-13 | 2013-14 | 2014-15 | 2015-16 | |
|---|---|---|---|---|---|---|
| Number of productions receiving the credit |
52 | |||||
| Total Budget/Financing | $109.5 | |||||
|
Total Production Spend in Nova Scotia ($ millions) |
$66.8 | |||||
| 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 | $24,094,000 | |
| Labour rebate rate (50-65%) |
69%Z ??? | |||||
| All-spend rebate rate (50-65%) |
35-40% ???Z ??? | |||||
| Industry totals |
Production Volume3 ($ millions) |
$112 ($99) | $115 ($104) | $125 ($98) | $139 ($122) | |
|
Broadcaster in-house ($ millions) |
$29 | $28 | $31 | $32 | ||
| 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.