I haven’t posted much on this blog but some recent news caught my eye:
Last week’s Godbout Commission report sent shivers up the spines of Quebec’s film and television production industry. The Quebec Taxation Review Committee, chaired by economist Luc Godbout, recommended phasing out the Quebec Production Services Tax Credit beginning in 2020.
If you’re a reader of this blog you shouldn’t be surprised by the news. Last year I posted how the Quebec’s austerity measures led to an immediate 20% cut to their film and games subsidies. At the time the government was paying up to 60% of resident VFX salaries.
This is pretty significant news as there are a number of European VFX facilities that have opened satellites there to stay competitive with subsidies offered in Vancouver. My guess is those facilities will have to open in BC and move their talent there. This is also the first time since my blog started that a major international location is planning a massive cut to their film subsidies. Ontario is also having serious conversations about the costs of these film subsidies.
If you work in VFX, be always prepared to move to the next place offering the most amount of free money.