How did the new $7.5 billion movie tax hit Canadian theatres?

Posted November 29, 2018 07:17:54 The federal government announced Tuesday that it will introduce new taxes on movie ticket purchases, bringing the total number of new taxes in the country to $7 billion, and making Canada the fourth country to impose such levies on movies.

The new tax comes on top of the $8.5-billion in new taxes the government has already introduced on movie tickets.

The government says it’s also making it easier for consumers to purchase movies through online streaming services, and the cost of the taxes will be borne by movie theaters, which are struggling with declining ticket sales.

In the coming months, the new tax will apply to more than 50,000 tickets purchased in Canadian cinemas by Canadians over the age of 21.

This will affect nearly all theaters in the provinces, as well as all theatres in the territories and the Atlantic provinces.

As a result, theatres across the country will see increases of at least 5 per cent in their ticket prices, and some will see declines of as much as 15 per cent.

“This is going to have a significant impact on our moviegoing and on our economy in terms of the revenue we generate,” says Michael Hsieh, the federal minister of finance.

“We’ve already seen the impact of the new movie tax in other provinces, and we’re going to see the impact here.”

Hsiey said in a release that the new taxes are intended to encourage the consumption of new films, and to support the economic recovery.

He added that the government is confident in the long-term economic and job prospects of the Canadian economy.

But critics have warned that the move will discourage people from going to movies.

“There are a lot of people who will say, ‘I’ve never seen a movie, so why should I pay any tax at all?'” says Joe Gorman, a former Toronto Star journalist and director of the Institute for the Study of the Film and Film Studies at Ryerson University.

Hinton said that he was “delighted” to hear from his provincial counterparts and was “not convinced” that they would be supportive of imposing new taxes. “

People are going back to their homes and will have to wait until they see the movie again and it won’t be here, because there will still be no movie there.”

Hinton said that he was “delighted” to hear from his provincial counterparts and was “not convinced” that they would be supportive of imposing new taxes.

“The provinces, including Ontario, have shown themselves to be willing to take the lead and to act in a constructive manner in this matter,” he said.

“But I think there is a lot to be said for a level playing field.”

Hien said the new revenue will help support Ontario’s film industry.

“These new taxes will provide Ontario with some significant new revenue and support the provincial film industry,” he added.

The federal budget also includes $1.6 billion in new funding for the Canadian Radio-television and Telecommunications Commission.

Hinton says he’s confident that the funding will be enough to continue funding the CRTC, which has been plagued by high costs of digital communications, and other regulatory initiatives.

Hien says that the $1 billion will help fund the CRT’s new digital infrastructure, which is being built on the back of a $3.9-billion investment.