Fifth, a review of the Canadian Film or Video Production Tax Credit program is needed in order to better support the Canadian film industry and to ensure that it is better adapted to the new needs of the digital economy.
The support of federal tax credits, which represent, on average, 10% of total financing for productions, has decreased by 5% for film, and some French-language feature films received as little as 2%.
We would like the rules for the tax credit program to be more flexible for all theatrical-release feature film productions, whether fictional or documentary, so that government and non-government assistance, with the exception of provincial tax credits, no longer reduce the cost of production used to determine the value of the labour eligible for the tax credit.
Furthermore, the tax credit program should be changed to make all necessary labour expenditures for the supplementary production of digital content related to television and film production eligible, since those productions must now be produced on all platforms. This measure would fit into the federal government's goal to be a world leader in the new digital economy.
On behalf of Quebec's audiovisual producers, thank you for this opportunity to appear before the committee today. We are available to take your questions.