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8A-- the examiner -- Friday, August 11, 1979 Big jump in, Canadian productions New laws favor films By VINCENT EGAN Business and Consumer Affairs Analyst Thomson News Service You don't have to go to Holly- wood to be a movie mogul to- day. Stay in Canada. and you can get a piece of the movie ac- tion for as little as a few thou- sand dollars. True, it may not put you in the same social circles as the Hollywood executive who lunches at La Fontana in the Beverly-Wilshire or unwinds in Golden Boy the Polo Lounge of the Beverly Hills Hotel. And you may, in fact, find yourself utterly confused by the intricacies of the financing ar- rangements and tax write--offs that are on the lips of everyone who has anything to do with Ca- nadian movie-making. Nevertheless, each of the past several years has seen a substantial jump in the yalue of Canadian production of movies for commercial entertainment. Some recent Canadian pic- Perry King in a scene from NBC's mini series "The Last Convertible," a six-hour series now being 'filmed. King plays Russ Currier, the golden boy leader of a group of young men who were pro- bably the last generation to march willingly off to war. (AP Photo) weekend notebook, Any non-profit organization or individual may have a community event in Notebook. Just call 726-6537 and ask for Stephen Gauer. Calls for Monday's Notebook must be received by noon Friday for publication the following Monday. Calls for Weekend Notebook published Friday in Panorama. must be received by noon Wednesday. friday oBarrie Duplicate Bridge Club meets each Monday and Friday at St. George's Anglican Church Hall. Burton Avenue, Barrie. at 7:30 p.m. For partners and further in- formation call 728--2897. ORebekah and Odd Fellows Bingo at the IOOF Hall, Fer-- ris Lane, at 8 p.m. Jackpot is $100, refreshment booth available. a Euchre at the New Lowell Legion at 8 p.m. Admission 50 cents, cash prizes given. 0 Bingo sponsored by the Angus ANAF Club is held at the True Blue Hall, King Street, Angus. at 8 p.m. A refreshment counter is available. oThe Bell Ewart Youth Club meets every Friday from 7 to 10 p.m. at the Bell Ewart Community Centre. Anyone in the area attending an elementary school is welcome. Records. dancing and plenty of games available. Admission is 25 cents. saturday OJudge H.D. Peterson of Bruce Mines, Ont., will be the guest 5 the Full Gospe peaker at the regular monthly breakfast meeting of 1 Men's Fellowship at the Continental Inn at 8:30 a.m. Ladies are welcome. OThe Innisfil Historical and Archeological Society holds an open house from 1 to 4 pm. in St. Peter's Anglican Church Hall in Churchill. Photogr aphs from the collection in their document centre will be on display and a bake table and flea market table will be set for browsing and buying. sunday 0 Bingo at the New Lowell Legion at 2 pm. A refreshment counter will be available. QAngus Lions club hosts a flea market at their hall on Highway 90. Angus, from 12 noon to 4 p.m. Antiques, coins, bake sale, tools appliances. stamps, fresh vegetables and much more. Lotto Canada. Provincial and Wintario tickets are on sale. Refreshments are available. tures. believe it or not, have actually made a profit. This summer. sex symbol Su- zanne Somers and Canadian- born Donald Sutherland are starring in Nothing Personal, in production in Toronto; Joseph Bottoms is playing the lead in Surfacing. being shot near Belleville; Norman Fell (Somers' co--star in the TV series, Three's Company) is working on the set of Crunch in Montreal; and Rita Moreno and Madeline Kahn are co--starring in Happy Birthday. Gemini, elsewhere. ACTIVITY SPURTS One reason for the spurt in movie-making activity in Can- ada (expected to be worth $100 million this year, up from $68 million in 1978) is that the dis-- counted Canadian dollar and the lower salaries of Canadian film crews make it cheaper to produce here than in Holly- wood. But then movie-making al- most anywhere is cheaper than in Hollywood ---- and always has been. The relatively new elements include Canadian tax in- centives that have recently been liberalized. and the entry of some established investment houses into the field of "retail" financing of movie productions. These developments have not only stimulated the interest of hundreds of individual in- vestors with above-average incomes (and a yen for a fling in an unusual business). but they have also brought out some entrepreneurs who are more interested in separating gullible investors from their money than in making movies. While movies are an art form that has always aroused the creativity in some. they are also capable of bringing out the greed in others -- from certain stars and producers, down to self-important hairdressers and stage hands. And they also. on occasion, can lead Ottawa's bureaucrats into new realms of obfuscation. TAX CONFUSION "Practically no area of the income tax legislation has been so open to discretion on the part of officials of Revenue Canada. Taxation, and has been the sub- ject of so much uncertainty and confusion as the many rules. concerning motion picture film Monday Aug. 20 10:30 a.m. Mr. DreSsup 11:00 Skipper 1:00 p.m. Thirty Blinks 1:30 All One 2:00 Crafty Corner 2:30 Cope 3:00 Circle Square 3:30 Almost Home 4:00 Adventures of Timothy Pilgrim 4:30 Electric Company 5:00 Sesame Street 6:00 Polka Dot Door 6:30 Let's All Sing 6:45 Readalong 6:55 Write On! Tuesday Aug. 21 10:30 a.m. Mr. Dressup 11:00 Green Double Decker 1:00 p.m. Thirty Blinks 1:30 All One 2:00 Crafty Corner 2:30 Cope 3:00 Circle Square 3:30 Almost Home 4:30 Electric Company 5:00 Sesame Street 6:00 Polka Dot Door 6:30 Dragons Wagons and Wax 6: 45 Readalong 6:55 Write On! Wednesday, Aug. 22 10:30 a.m. Mr. Dresuup 11:00 Seagull Sam 1:00p.m. Thirty Blinks tax shelters have been," writes Richard M. Wise, a Montreal partner in the chartered ac- countancy firm of Touche Ross and Co. "This is particularly striking when the fact that the motion picture. industry in Canada is among the fastest growing and most dynamic of all industries in the country is taken into ac- count." says Wise ---- who has been described as Canada's movie tax specialist -- writing in the Canadian Tax Journal. The tax regulations are full of these conditions that tie the date of one event to the date of another, provided that both are earlier or later than the date of a third -- the kind of conditions that have turned many in- vestors away from movie fi- nancing after one glance. The effect of one such regu- lation is that there may be no market for "interests" or "units" in a movie produced prior to the current year. This goes against one of the primary concerns of the in- vestor. which is to buy a film unit near the end of the year, when the value of a tax shelter for that particular year has been determined. "Apart from the many im- portant and essential business considerations in connection with a film investment." Wise says, "investors must consult competent legal-accounting counsel with respect to the numerous rules contained in the current tax legislation." WRITE-OFFS In broad terms. there are two types of investors in Canadian movies, with the dividing line somewhere around $10,000. Above that figure. perhaps closer to $25,000 on average. in- vestments tend to be handled directly, between the individual investor seeking a tax shelter and the entrepreneur seeking capital from a manageable number of people, to produce a Canadian movie. Below that figure, ranging down to about $5,000, in- vestments are made in the securities being distributed by some major, oldvline firms of investment dealers, on a basis described --- not always clearly -- in a prospectus accepted by one or more provincial secu- rities commissions. children's channel 1:30 Many Worlds of Childhood 2:00 Crafty Comer 2:30 Cope 3:00 Circle Square 3230 Almost Home 4:30 Electric Company 5:00 Sesame Street 6:00 Polka Dot Door 6:30 Adventures Of Timothy Pilgrim 6:45 Readalong 6:55 Write On! Thursday, Aug. 23 x::_ 7 i. 94 DUNLOP ST. W. " '15:: 3.09:1 '5 Newest Restaurant and Disco Luncheon Specials served daily from ll :30 a.m. SPECIALIZING lN HOMEMADE COOKING Featuring our Homemade Soup, Sell-service Salad Bar 8- Fresh Sandwich Board. -_--eEEE§s§s-----ggazafi§§§i= ----wednesday tv EVENING 6:00 a 6 EB NEWS HOLLYWOOD SOUAREs 9 DEFINITION i1!) POLKA DOT DOOR 6:28 9 NEWS 6:30 NBC NEWS LIVE AT THE FORUM 0 CBS NEWS ONE 101 ABC NEWS 9 NEWS in PARTY GAME CUCUMBER 7:00 DATING GAME 0 CROSS WITs MARY TYLER MOORE SHOW 0 TIC TAc DOUGH 9 DONNA FARGO SHOW NEWLYWED GAME '9 STORIES AROUND THE WORLD 23 GONG SHOW re PRICE Is RIGHT 7:30 MATCH GAME MOVIE -(HORROR--DRAMA) ' " r.Jak II and MLH ds"1oes NEW YWED GA E THIS WEEK IN BASEBALL 0 GONG SHOW 9 GRAND OLD COUNTRY Guests: Skaatorstis.TimDanials,ThaOriginleritting who". (Repeat) OCEANS ALIVE MAGIC SHADOWS BOB NEWHART SHOW 8:00 REAL PEOPLE Avisitto Fradaricks of Hollywood, a store that sells exotic lingerie, a man who converted an airplane into a mobile home. a hog that was glven a social security number, and the Circus Vargas are featured. peat; 80 mins.) BDOROTHYIf'sbudgattrimmingtimaand onaofthastaffhastogo:thabigquastionis,who Isnk? gwalktha MAJ R LEAGUE BASEBALL ('66 ati Rads vs Montreal Expos. (3 hrs.) I EIGHTISENOUGHDavid.strug- giing to cope with the loss of a Close friend. is arrestedforbsrroombrawlingandgatsinvolvad with a beautiful woman who comes to his aid. past; 60 mins.) 8 VEGAS Dan Tanna tries to help a beau- tiful young bride find her husband who has mysteriously vanished after accidentally get- ting involved with rogue government agents dealing in biological warfare. (Repeat; 80 s.) wlNTROSPEC WHO'S WATCHING THE KIDS? w MOVIE -(COMEDY) "u "Father of the gig?" 1950 HANGING IN TELE-FESTIVALE SPECIAL EDITION 9:00 MOVIE OF THE WEEK 13mm- 8 Stars: LaslsK Ann Warren, Ri Torn. THE DE DLIEST S ASON A professional athlete's personality and princi- plas ars brutalizod by his hunger for success at snycoat.Stars:MichsalMorisrty,MsryiStraop. r ' CHARLIE'SANGELSKrisgoas undercover u a 17-year-old in s fashionable girls schooltoffnd out who strangled sglrlin bad and which of the wealthy students ls causing Ear on campus. (Rs eat; 60 mins.) BARNABY JONES pram. .y. a... nsby Jones is devastated when his bullets go astray during a shootout. killing a bystander. Barnaby may face charges of manslaughter as w as the loss of his license. (2 hrs.) EDDIE CAPRA MVSTERIES 10:30 a.m. Mr. Dressup 11:00 Green Double Decker 1:00 p.m. Thirty Blinks 1:30 All One 2:00 Crafty Corner 2:30 Cope 3:00 Circle Square 3: 30 Almost Home 4:00 Adventures Of Timothy Pilgrim 4:30 Electric Company 5:00 Sesame Street 6:00 Polka Dot Door 6:30 Let's All Sing 737-4944 10:00 CBC NEWS 0 VEGAS Dan Tanna tries to help a beau- tilul young bride tind her husband. who has mysteriously vanished after accidentally gat~ ting himseli involved with rogue government agents dealing In biological wartare. (Repeat; 'na ) LIVE AT THE FORUM ED NEWS UPDATE NEWS 10:01 as MERV GRIFFIN 10:15 NEWS 10:30 9 MAJOR LEAGUE BASEBALL Seattle Mariners vs Toronto Blue Jays. (3 .) iii} GRANDEUR NATURE 1 1 :00 8 6 ca NEWS CBC NEWS 9 CTV NEWS (E) EDUCATION OF MIKE MCMANUS MOVIE-(COMEDY)"" "Top- kapi" 1964 1 1:20 9 NEWS 1 1:27 NEWS 11:30 THE TONIGHT SHOW Guest host: David Letterman. Guests: Larry Gatlin. Marilu finer, (90 mins.) CBS LATE MOVIE 'SWITCH: Death By Rasurraction' Pete and Mac take a routine cssa--lookingintotha background ofa manwho wants to marry the daughter of a wealthy man. (Repeat) 'KOJAK: May Ths Horse Be With You' firs: Tail Savalas. Kevin Dobson. Repeat) MO IE -(DRAMA) "Vs ' To Die aria" 1968 STREET TALK (E) NIGHTMUSIC 11:45 THE TWO RONNIES 12:00 MEDICAL CENTER 2; MERV GRIFFIN CONTINUES 12:10 9 PROJECT u.F.O. A um attacks thraaprominentbusinessman,onaofwhomsuc- cessfulfy films the Object; and a local citrus growar. who also sighted the craft. claims to have a place Of it in his garage. (Repeat; 60 . _) m 12: 15 CUCKOO WALTZESCaroIRun-aey wants separated husband Gavin to sell their old house. 12:30 DICK EMERY 12:40 9 STOCKARD CHANNING IN JUST FRIENDS 1:00 TOMORROW Host: Tom Snyder. Guest: Chief Minister M. Dstshs Bufhalszi, Isadar of an estimated 5 million Zulu tribasmen. mins.) ALL THAT GLITTERS 1:10 MOVIE -(MYSTERY) "V1 "Someone Behind the Door" 1971 1:30 THIS WEEK IN BASEBALL 0 NEWS PTL CLUB-TALK AND VARIETY 2:00 MOVIE-(SCIENCE FICTION)" "Creatures the World Forgot" 1971 3:10 OMOVIE-(DRAMA) "/2 "Cyborg 2087" 1961 3:45 MOVIE -(COMEDY) m "Ton- ight's the Nighgiaass THE TROUBLE WITH TRACV HARPERS PHARMACY LTD. SPECIALISTS IN Ostomy Supplies and Accessories Breast Prosthesis and Mastectomy Bras Orthopedic Supports Surgical Elastic Stockings Private Fitting Rooms Professionally Trained Personnel Mail Order Service CONVALESCENT AIDS Canes Crutches Walkers Commodes Baths, Bathtub Rails 8Seafs HospitalBeds WheelChaIrs Etc Rentals - Sales 728-5407 128 Penetang (A151. Vincent) BAIIIE