James Moore, Minister of Canadian Heritage and Official Languages, Paul Calandra, Parliamentary Secretary and Member of Parliament (Oak Ridges-Markham), today announced the implementation of Canada's policy on coproductions....
The implementation of Canada's Policy on Coproductions is the next step in paving the way for future coproduction negotiations between Canada and its foreign partners. This policy will focus Canada's approach to coproductions and ensure that Canadians and the film and television production industry achieve the maximum benefit from government actions.
Under the auspices of a treaty coproduction, Canadian and foreign producers are able to pool their creative, technical, and financial resources to coproduce audiovisual projects. Such coproductions are granted domestic status in their respective countries and, as such, they can access domestic funding programs, fiscal incentives, and broadcast quotas, if eligible. In Canada, available support mechanisms include the Canadian Film or Video Production Tax Credit (CPTC), the Canada Media Fund, and the Canada Feature Film Fund, as well as programs and fiscal incentives from the provinces and territories...."