As reported on the CBC (http://www.cbc.ca/arts/film/story/2008/04/10/tax-credits.html), Canadian film stars and producers are up-in-arms about the discretionary power to deny tax credits on films that the department deemed inappropriate to be granted to the Heritage Minister by bill C-10.
The descriptions of the bill (I haven't read the actual bill yet...) suggest that we shouldn't be funding "inappropriate" films. The film producers say that they can't make movies with that kind of financial uncertainty hanging over their head.
I think we should probably cut all tax credits for film. We shouldn't be giving gifts to certain industries just to keep them in business. Why should we shield them from risk and let them take all the rewards.
It's not like we do handouts for the farming, cattle, logging, energy, and sporting industries.
Stephen
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