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Ontario Boosts Tax Breaks For 2009

The Canadian province of Ontario has increased its tax credit budget for 2009, in an attempt to increase its attractiveness to video games companies.

Canada in general already has one of the most significant systems of tax credits for interactive entertainment companies in the world, with major publishers such as Electronic Arts and Ubisoft already taking advantage of the benefits.

The Ontario Media Development Corporation (OMDC) claims that the province has the third-largest entertainment and creative sector in North America -- after only California and New York. The OMDC encourages film and television production in the region, as well as book and magazine publishing, sound recording, and video game development.

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