The Surrey Board of Trade applauds the Provincial Government’s enhanced tax incentives for British Columbia’s film and TV sector, designed to attract major productions and retain thousands of skilled, high-paying jobs.
“These increased incentives solidify BC’s position as a global leader in the creative industries,” said Jasroop Gosal, Interim Spokesperson and Policy & Research Manager at the Surrey Board of Trade. “This is a win for filmmakers and for businesses and workers across the province, including here in Surrey.”
Starting January 1, 2025, the Film Incentive BC and production services tax credits will rise to 36%, with a 2% bonus for productions exceeding $200 million in BC costs. These changes aim to revitalize the sector, which saw a decline in jobs and productions over the past year.
The Surrey Board of Trade is now urging the Province of BC to amend the Regional Tax Credit policy by removing Surrey and Delta from the Designated Vancouver Area. This change would allow local productions to access additional tax credits, leveling the playing field and driving further economic opportunities in the region.
“The inclusion of Surrey and Delta in the Designated Vancouver Area limits local growth in one of BC’s fastest-growing economic regions,” added Gosal. “Revisiting this policy will amplify the impact of the new incentives and strengthen the economic benefits for our communities.”
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Jasroop Gosal, 604-634-0345, jasroop@businessinsurrey.com
