Vancouver has evolved into a major hub in the film, television and entertainment industries.
It is currently the third largest film production centre in North America, with over $2 billion spent in film and television production in British Columbia in 2015.
As stated by the Globe and Mail:
“Hollywood values Vancouver for its trained crews, studio space and a record for handling… major productions.”
Vancouver’s favourable geography and the province’s film tax credit system are also factors that have led to the growth across the sector.
For companies working in these industries, strategic business guidance and advice is paramount. Walsh King has extensive experience in this arena, and partner Tia Walsh has previously held senior financial positions in both the film and technology industries.
We understand challenges that industry participants face and regularly assist clients with matters such as:
- Tax credits and incentives;
- Cross-border tax issues;
- Labour shortages;
- Compensation structures for foreign creative people;
- Tax considerations for talent (i.e. actors); and
- Importing crew.
Proper structure and process are critical to business success in the current environment. To learn more about how Walsh King can help your company in this sector, please contact Tia Walsh.