Stabilized Remote Head Operators in Canada Experience Increase in Film Business

Stabilized remote head operators in Canada are experiencing an increase in work partly due to the expired Federal tax incentive known as Section 181.

Richmond, Canada - February 12, 2017 /PressCable/ —

Canadian companies involved in the film production industry, stabilized remote head camera operators in particular, are experiencing a significant increase in business. Film makers are moving their productions out of the United States to other countries—Canada being a convenient choice for its wide range of scenery and logistical similarities to the United States. Canada has been an attractive choice for U.S. film makers since 1994 due to the 35% in tax credits available for the film and TV industry in Canada.

Stabilized remote head specialists in Canada such as Aris G Films Ltd., based out of Vancouver BC, have reported a significant increase in inquiries and are in the process of acquiring new equipment and additional services in order to meet the rising demand. A stabilized remote head is a specialized piece of camera equipment operated remotely that allows for smooth movement while the camera is in motion.

Motives for the move to Canada may also be due to the recent expiration of a Federal tax incentive known as Section 181 on January 1st 2017, which supports the production of film and television in the United States. Section 181 allowed investors to deduct 100% of their investment against their Federal taxes in the same year of investment. For example, for every dollar that a film producer or investor put into a film, they would save 30 to 35 cents in taxes. For a 1 million dollar investment, that would be a savings of between 300 thousand and 350 thousand dollars.

Section 181 was enacted in 2004 as part of the American Jobs Creation Act. Since 2004, it had to be renewed by Congress every 2 years. Efforts were made to renew it at its expiration date at the end of 2016, but failed to successfully renew it. There is a possibility to renew the incentive retroactively next year or the year after, as it was done when it had expired in 2015. Almost 12 months after it expired at the beginning of 2015, it was renewed and made retroactive for the entire past year.

The likelihood of Section 181 being renewed depends largely on the policies of Congress. With a new President Trump and a new Congress in place, both of which have not shown much support for the film industry, the chances of Section 181 being renewed anytime soon are not looking very high.

Contact Info:
Name: Aris G
Organization: Aris G Films Ltd.
Address: 10251 No. 4 Road, Richmond, BC V7A 2Z5, Canada
Phone: +1-604-649-1463

For more information, please visit http://www.arisgfilms.com/

Source: PressCable

Release ID: 169146