Alberta
MGM, HBO, CBS, Paramount and other studios all working in Alberta right now!
Film credit attracts productions worth nearly $1B
A key part of Alberta’s Recovery Plan, the Film and Television Tax Credit is attracting major productions to the province, diversifying the economy and creating thousands of new jobs.
Since the program’s launch in January 2020, it has attracted 50 productions to Alberta with total production costs of $955 million, creating 9,000 new direct and indirect jobs in the province.
In March 2021, Alberta’s government removed the $10-million per-project cap from the Film and Television Tax Credit to make the province an even more desirable location for larger productions.
Cameras are rolling on film and television productions across Alberta, injecting hundreds of millions of dollars in investment into the economy as these productions hire local crews, actors and extras, and use local businesses.
The Film and Television Tax Credit, combined with Alberta’s competitive tax environment, affordable labour costs and breathtaking scenery, has made the province a prime choice for medium and big-budget television and film projects that have a positive impact on Alberta’s economy.
HBO is currently filming its new television series The Last of Us in Alberta. The project is the single largest television series production in Canadian history and is expected to create thousands of jobs.
“The boom in our film industry is the perfect example of Alberta’s Recovery Plan in action. Thanks to the Film and Television Tax Credit, and our recent improvements to it, we are witnessing a new billion-dollar industry take shape right before our eyes, further diversifying the economy and creating new jobs.”
Jason Kenney, Premier
“Alberta is the new Hollywood. With our stunning landscapes, our immense talent and our world-class studios, our province is being showcased on the big screen in a way that it never has before, with thousands of jobs being created in everything from carpentry to catering.”
Doug Schweitzer, Minister of Jobs, Economy and Innovation
“Film productions like The Last of Us and Ghostbusters mean thousands of new jobs for rural Albertans both on and off set. With landscapes from the Rocky Mountains to the Prairies, Alberta is becoming a global hub for film. New multimillion-dollar investments in the film industry are getting Albertans back to work and driving Alberta’s economic recovery. I look forward to seeing even more of Alberta on the big screen.”
Nate Horner, Associate Minister of Rural Economic Development
“From breathtaking landscapes to a skilled and growing workforce, Alberta has much to offer the global production community. The province’s enhanced film and television production incentive has also made it an especially attractive destination for HBO. We look forward to filming The Last of Us here, and to working with talented Alberta crews.”
Jay Roewe, senior vice-president, Production & Incentives, HBO
“Alberta’s Film and Television Tax Credit is a game-changer in terms of production volumes. It has created thousands of well-paying jobs and numerous business opportunities. High-profile projects such as The Last of Us are a major driver of jobs, Alberta businesses and training. Projects like this benefit numerous industries ranging from fabric suppliers to companies in the hospitality industry. Alberta’s spectacular landscapes are being shared globally, elevating our economic standing in the global marketplace.”
Damian Petti, president, IATSE Local 212
“We are pleased to see the Alberta government is supporting Alberta’s creative industries by their recent enhancements of our film and television tax credits and production incentives. From actors to puppeteers to stunt performers, this is fantastic news for ACTRA Alberta performers, our production community and Alberta’s economy.”
Tina Alford, branch representative, ACTRA Alberta
“Alberta’s enhanced incentive program and strong commitment to increasing investment from global studios is working to grow the creative economy and provide unparalleled opportunities for Alberta’s creative talent. On behalf of the major studios we represent, we’re thrilled that the Alberta government and industry have worked together to create jobs for thousands of skilled Albertans in front of and behind the camera, and to showcase the beauty and talent of Alberta on the global stage.”
Wendy Noss, president, MPA-Canada
“HBO is synonymous with quality and The Last of Us has long been touted as one of the most cinematic video game series ever created – a perfect marriage to Alberta’s cinematic landscapes, light and picturesque communities. We are grateful to have this tentpole series in the province developing the industry and creating hundreds of jobs for our hard-working and talented crews, as well as a great economic stimulus in communities of southern Alberta. This project, along with enhancements of the Alberta Film and Television Tax Credit, will be looked back on as cornerstone moments in a booming film production sector for years to come.”
Brock Skretting, head of advocacy, Keep Alberta Rolling
“The changes to Alberta’s Film and Television Tax credit can only be seen as a success story. Not only are we creating good high-paying jobs for Albertans, but it is also an important step in boosting Alberta’s economy at time when we need it. No matter what the business is – gas stations, lumberyard, coffee shop – movie money is being spent in Alberta.”
Mike Dunphy, business agent, Teamsters Local 362
Quick facts
- Alberta’s Film and Television Tax Credit, launched in January 2020, offers a refundable Alberta tax credit certificate on eligible Alberta production and labour costs to corporations that produce films, television series and other eligible screen-based productions in the province.
- The Film and Television Tax Credit complements the Alberta Made Production Grant, and is part of the government’s commitment to grow Alberta’s cultural industries by 25 per cent over the next decade.
- In 2019, combined consumer spend globally for theatrical and home entertainment reached $101 billion, a 34 per cent increase since 2015.
- The film and television industry is experiencing significant growth nationally and globally.
- Global spending in the industry is projected to reach about $113 billion by 2022.
- It is expected more than $50 billion of that spending will be in North America.
- Last year, the Canadian film and television industry was valued at $3 billion and employed more than 54,000 workers.
- Every year, Alberta graduates more than 3,000 creative industry professionals from its post-secondary institutions.
- According to industry estimates, more than 3,200 Albertans are employed in the province’s motion picture and video industry.
- According to Statistics Canada data:
- Every $1 million of production activity in the screen-based production sector creates about 13 Alberta jobs.
- Every $1 million of government investment under the Film and Television Tax Credit program is expected to support about 85 Alberta jobs.
- The budget for the Film and Television Tax Credit in 2021-22 is $50 million.
Related information
Better, faster, more affordable auto insurance
Alberta’s government is introducing a new auto insurance system that will provide better and faster services to Albertans while reducing auto insurance premiums.
After hearing from more than 16,000 Albertans through an online survey about their priorities for auto insurance policies, Alberta’s government is introducing a new privately delivered, care-focused auto insurance system.
Right now, insurance in the province is not affordable or care focused. Despite high premiums, Albertans injured in collisions do not get the timely medical care and income support they need in a system that is complex to navigate. When fully implemented, Alberta’s new auto insurance system will deliver better and faster care for those involved in collisions, and Albertans will see cost savings up to $400 per year.
“Albertans have been clear they need an auto insurance system that provides better, faster care and is more affordable. When it’s implemented, our new privately delivered, care-centred insurance system will put the focus on Albertans’ recovery, providing more effective support and will deliver lower rates.”
“High auto insurance rates put strain on Albertans. By shifting to a system that offers improved benefits and support, we are providing better and faster care to Albertans, with lower costs.”
Albertans who suffer injuries due to a collision currently wait months for a simple claim to be resolved and can wait years for claims related to more serious and life-changing injuries to addressed. Additionally, the medical and financial benefits they receive often expire before they’re fully recovered.
Under the new system, Albertans who suffer catastrophic injuries will receive treatment and care for the rest of their lives. Those who sustain serious injuries will receive treatment until they are fully recovered. These changes mirror and build upon the Saskatchewan insurance model, where at-fault drivers can be sued for pain and suffering damages if they are convicted of a criminal offence, such as impaired driving or dangerous driving, or conviction of certain offenses under the Traffic Safety Act.
Work on this new auto insurance system will require legislation in the spring of 2025. In order to reconfigure auto insurance policies for 3.4 million Albertans, auto insurance companies need time to create and implement the new system. Alberta’s government expects the new system to be fully implemented by January 2027.
In the interim, starting in January 2025, the good driver rate cap will be adjusted to a 7.5% increase due to high legal costs, increasing vehicle damage repair costs and natural disaster costs. This protects good drivers from significant rate increases while ensuring that auto insurance providers remain financially viable in Alberta.
Albertans have been clear that they still want premiums to be based on risk. Bad drivers will continue to pay higher premiums than good drivers.
By providing significantly enhanced medical, rehabilitation and income support benefits, this system supports Albertans injured in collisions while reducing the impact of litigation costs on the amount that Albertans pay for their insurance.
“Keeping more money in Albertans’ pockets is one of the best ways to address the rising cost of living. This shift to a care-first automobile insurance system will do just that by helping lower premiums for people across the province.”
Quick facts
- Alberta’s government commissioned two auto insurance reports, which showed that legal fees and litigation costs tied to the province’s current system significantly increase premiums.
- A 2023 report by MNP shows
Alberta maintains a balanced budget while ensuring pressures from population growth are being addressed.
Alberta faces rising risks, including ongoing resource volatility, geopolitical instability and rising pressures at home. With more than 450,000 people moving to Alberta in the last three years, the province has allocated hundreds of millions of dollars to address these pressures and ensure Albertans continue to be supported. Alberta’s government is determined to make every dollar go further with targeted and responsible spending on the priorities of Albertans.
The province is forecasting a $4.6 billion surplus at the end of 2024-25, up from the $2.9 billion first quarter forecast and $355 million from budget, due mainly to higher revenue from personal income taxes and non-renewable resources.
Given the current significant uncertainty in global geopolitics and energy markets, Alberta’s government must continue to make prudent choices to meet its responsibilities, including ongoing bargaining for thousands of public sector workers, fast-tracking school construction, cutting personal income taxes and ensuring Alberta’s surging population has access to high-quality health care, education and other public services.
“These are challenging times, but I believe Alberta is up to the challenge. By being intentional with every dollar, we can boost our prosperity and quality of life now and in the future.”
Midway through 2024-25, the province has stepped up to boost support to Albertans this fiscal year through key investments, including:
- $716 million to Health for physician compensation incentives and to help Alberta Health Services provide services to a growing and aging population.
- $125 million to address enrollment growth pressures in Alberta schools.
- $847 million for disaster and emergency assistance, including:
- $647 million to fight the Jasper wildfires
- $163 million for the Wildfire Disaster Recovery Program
- $5 million to support the municipality of Jasper (half to help with tourism recovery)
- $12 million to match donations to the Canadian Red Cross
- $20 million for emergency evacuation payments to evacuees in communities impacted by wildfires
- $240 million more for Seniors, Community and Social Services to support social support programs.
Looking forward, the province has adjusted its forecast for the price of oil to US$74 per barrel of West Texas Intermediate. It expects to earn more for its crude oil, with a narrowing of the light-heavy differential around US$14 per barrel, higher demand for heavier crude grades and a growing export capacity through the Trans Mountain pipeline. Despite these changes, Alberta still risks running a deficit in the coming fiscal year should oil prices continue to drop below $70 per barrel.
After a 4.4 per cent surge in the 2024 census year, Alberta’s population growth is expected to slow to 2.5 per cent in 2025, lower than the first quarter forecast of 3.2 per cent growth because of reduced immigration and non-permanent residents targets by the federal government.
Revenue
Revenue for 2024-25 is forecast at $77.9 billion, an increase of $4.4 billion from Budget 2024, including:
- $16.6 billion forecast from personal income taxes, up from $15.6 billion at budget.
- $20.3 billion forecast from non-renewable resource revenue, up from $17.3 billion at budget.
Expense
Expense for 2024-25 is forecast at $73.3 billion, an increase of $143 million from Budget 2024.
Surplus cash
After calculations and adjustments, $2.9 billion in surplus cash is forecast.
- $1.4 billion or half will pay debt coming due.
- The other half, or $1.4 billion, will be put into the Alberta Fund, which can be spent on further debt repayment, deposited into the Alberta Heritage Savings Trust Fund and/or spent on one-time initiatives.
Contingency
Of the $2 billion contingency included in Budget 2024, a preliminary allocation of $1.7 billion is forecast.
Alberta Heritage Savings Trust Fund
The Alberta Heritage Savings Trust Fund grew in the second quarter to a market value of $24.3 billion as of Sept. 30, 2024, up from $23.4 billion at the end of the first quarter.
- The fund earned a 3.7 per cent return from July to September with a net investment income of $616 million, up from the 2.1 per cent return during the first quarter.
Debt
Taxpayer-supported debt is forecast at $84 billion as of March 31, 2025, $3.8 billion less than estimated in the budget because the higher surplus has lowered borrowing requirements.
- Debt servicing costs are forecast at $3.2 billion, down $216 million from budget.
Related information
COP 29 leaders demand over a $1 trillion a year in climate reparations from ‘wealthy’ nations. They don’t deserve a nickel.
What Will Be the Future of the Keystone XL Pipeline Under President Trump?
Health Care Update: Province will deliver health services regionally in seven “health corridors”
Trump Energy Policies will be executed by New York Rep. Lee Zeldin and North Dakota Gov. Doug Burgum
-
Brownstone Institute2 days agoThe Most Devastating Report So Far
-
Business2 days agoCarbon tax bureaucracy costs taxpayers $800 million
-
ESG1 day agoCan’t afford Rent? Groceries for your kids? Trudeau says suck it up and pay the tax!
-
John Stossel1 day agoGreen Energy Needs Minerals, Yet America Blocks New Mines
-
Daily Caller1 day agoLos Angeles Passes ‘Sanctuary City’ Ordinance In Wake Of Trump’s Deportation Plan
-
Alberta1 day agoProvince considering new Red Deer River reservoir east of Red Deer
-
Addictions1 day agoBC Addictions Expert Questions Ties Between Safer Supply Advocates and For-Profit Companies
-
MAiD2 days agoOver 40% of people euthanized in Ontario lived in poorest parts of the province: government data