Tuesday, March 28, 2006

Ontario budget boosts credits for video game production

From the CBC:

The Ontario interactive digital media tax credit available to small digital media businesses will increase to 30 per cent from the current 20 per cent, the province's finance minister, Dwight Duncan, announced in his budget speech Thursday afternoon.

The move is likely to attract video game studios to Ontario, a quest provinces such as B.C. and Quebec have already had some success with.

The global market for video and computer games is predicted to be one of the fastest growing sectors within the entertainment industry over the next four years, according to a report published by PricewaterhouseCoopers in June 2005.

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