An attempt to try and ballpark Nova Scotia tax-credit impact based on a comprehensive economic analysis of the Manitoba industry, which was of similar size and tax-credit provisions. Hampered by current lack of basic summary data from the NS film credit.
Numbers refer to either the entire industry, which includes production which does not flow through the tax credit, or specifically from the tax credit program.
| ... | Manitoba Average 2008-09 to 2012-13 |
Nova Scotia 2013-14 |
Nova Scotia 2014-15 |
|---|---|---|---|
|
Production volume
total budget, not all necessarily spent in province |
$108.6 million | $139 million | ??? |
| (tax-credit sector only) | $75.8 | $109.5 | ??? |
| Local expenditure | $69.1 million | ??? | |
| (tax-credit sector only) | ??? | $66.8 million | ??? |
|
Direct labour income estimate from modelling |
$42.4 million | ||
| (tax-credit sector only) | $39.4 million | $60 million? | |
| Total Employment FTEs [direct + spinoff] | 1267 [806+460] | 2730 [1140+1590] | 1800? |
| (tax-credit sector only) | 1300 [550+750] | ||
| GDP (including indirect/induced) | $71.4 million | ? | |
| (tax-credit sector only) | ? | $69 million | $100 million? |
| Provincial investment |
$17.2 million ($15 million film tax credit, $2.2 MFM equity program) |
$15.2 million |
$23.5 million |
| Tax revenues (provincial/local, including indirect) | $14.36 million 87% recovery rate |
20 million? | |
| (tax-credit sector only) | $13.3 million |