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Press release

Cabinet du ministre

FOR IMMEDIATE RELEASE


CNW CODE 01

Yves Séguin announces an increase in the rate of the tax credit for
film production services, which will rise from 11% to 20%

Québec, December 30, 2004 – Mr. Yves Séguin, Minister of Finance, today
announced an increase in the rate of the refundable tax credit for film production
services, which will rise from 11% to 20%.

The Minister pointed out that this rapid intervention reflects the government’s firm
desire to maintain Québec’s position as an ideal film shooting location for foreign
producers. This initiative, together with the recognized expertise of the artisans of
Québec’s film and television industry, will make it possible to consolidate Québec’s
place in this highly competitive industry.

Information Bulletin 2004-12, made public today, presents the terms of application of
this measure. This document may be found at the following address:
www.finances.gouv.qc.ca

- 30 -

Source: Serge Privé


Director of Communications
Office of the Minister of Finance
Tel.: (418) 643-5270
www.finances.gouv.qc.ca

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