The creative sector is important to the quality of life in B.C., but it also contributes to growing and diversifying our economy.
B.C. is one of the top film and television production centres in North America, supporting an approximately 25,000 direct and indirect jobs and generating estimated annual direct spending of $2 billion. As well, B.C boasts the third largest centre for music production in Canada, with over 80 independent record labels, 123 sound recording studios and hundreds of music publishers, managers, talent agencies, marketing and other businesses that support the development and delivery of music. In 2014, B.C.’s music industry contributed over $400 million in revenue to the provincial economy.
To help grow this thriving sector, the provincial government annually contributes $2.2 million for Creative BC and supports tax credits for the book publishing, digital media, and film and television industries. Government also launched the Creative Economy Strategy in February 2016, recognizing the importance of arts and culture in our overall economy. The strategy includes a number of actions that work to leverage our creative economy advantage to support economic growth and job creation, as well expand the resilience of the creative sector.
The Province is taking action to support the creative economy:
- Investing more than $422 million in tax credits in 2015/16 to grow opportunities in the B.C. film, television, and digital animation industries.
- Investing $15 million in the BC Music Fund to support the growth of B.C.’s diverse music industry.
- Supporting over $40 million in tax credits in 2015/16 for our world-class digital media industry, which develops interactive digital media products including video games and educational software