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Ontario enhances production tax credit

The government of Ontario has made life a littleeasier for film and television producers as it handed down its 2004 budget.Although its production tax credit (OFTTC) remains unchanged at 20% of eligiblelabour costs, those costs will not be reduced by the amount of equityinvestment from Canadian government film agencies. This intra-governmentalclaw-back has long been an irritant to local producers.

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