At the budget consultations – pictured: Daisy Wai, Zee Hamid, Minister Michael Parsa and Dawn Gallagher Murphy.
January 28, 2025
FilmOntario was pleased to participate in the Province of Ontario’s 2025 Budget Consultation Process.
The FilmOntario submission focussed on the current opportunities and challenges facing the industry given the increasingly competitive tax credit environment and uncertainty regarding the actions of the new U.S. administration.
The submission, which was made to the Ministry of Finance as well as to the Standing Committee on Finance and Economic Affairs, focussed on three key areas:
- increasing tax credit rates to maintain Ontario’s competitiveness as a production jurisdiction;
- investing in original content creation through the Ontario Creates IP Fund; and
- creating a film and television stream in the Skills Development Fund in order to attract and maintain a skilled and diverse workforce all across the province.
In addition, FilmOntario participated in the Ministry of Finance’s in-person budget consultations held in Richmond Hill in late January.
The legislature has now been dissolved and the delivery of the 2025 Ontario Budget will not take place until after the February 27, 2025 election. Depending on the outcome of the election, there may be additional Budget consultations after the election. FilmOntario will continue to work with all parties to ensure that the industry’s needs are considered as part of the Budget process.