The Canadian province of Ontario just announced new tax credits and incentives that will make developing game in the region even more attractive. Details include:
Increasing the digital media tax credit for large game developers from 25% to 40% for original IP development
The tax credit was also raised to 35% for studios doing work-for-hire projects for international clients.
Ontario will also allow game developers that spend more than$1 million per year on labor costs in the province to benefit from a new 35% Ontario interactive digital media tax credit.
All of this makes development in Canada more attractive and will likely mean less projects going to Australia and Europe unless similar incentives can be added in those regions.
