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Canadian province Ontario to boost production tax credit to 25%

The province of Ontario is proposing to increase the Ontario Production Services Tax Credit, available to foreign-financed productions shooting in the province, from 18 per cent to 25 per cent. The province also says it will increase its locally-oriented Ontario Film and Television Tax Credit, for which official Canadian coproductions are eligible, from 30 per cent to 35 per cent. The new rates on the labour-based tax credits will be effective from December 31, 2007 to January ...

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