Vancouver, Canada – The government of the Canadian province of British Columbia
has announced changes to its tax credit system that will create an incentive
for video game development in the province, as well as sweeten enticements for
film productions, the Vancouver
Sun reported.
Labor costs associated with video game production will receive a
17.5% credit, while the credit offered to film productions will be boosted to
33%, up from 25%.
A qualified labor expenditure cap will grow from 48% to 60%,
while the tax credit for digital animation and visual effects was bumped from
15% to 17.5%.
The changes are still subject to approval by the
legislature, but the tax credit would apply to game development projects
beginning after Aug. 31, and film productions that begin principal photography
after Feb. 28.
Related Links:
http://snipurl.com/u9wl8
(Vancouver Sun)
http://snipurl.com/u9wkn
(GamePolitics)
