Issue:
The performing arts are a big economic driver, but live arts are not offered the same tax credits as those granted to recorded and broadcast arts.
Why It Matters:
The arts and cultural sector is an important one for a tourism region such as Niagara. Every dollar spent by Shaw patrons at the theatre, for instance, is matched by seven dollars spent in local restaurants, wineries, and attractions, which adds $240 million in annual, local economic activity. Encouraging more investment in performing arts could grow these benefits for all of Niagara’s tourism-adjacent businesses.
Facts & Context:
Data from the Ontario Arts Council and Destination Canada shows that arts and culture tourist trips make up 13% of all tourism, but 30% of all tourism spending. Directly and indirectly, the sector supports $10 billion in economic activity for Ontario, and supports more than 140,000 jobs. The sector is growing rapidly, and is outpacing the overall growth of the economy.
Policy Position:
The GNCC supports the creation of a live arts tax credit, similar to those already offered in the film, television, and animation industries, to encourage more activity in the sector.
2024-ongoing
