The plans to relive a tax credit for developers in Alberta, Canada, have been discarded.
According to the logic, Prime Minister Danielle Smith announced plans to relive the scheme in November 2022, but now Alberta officials intend to “support the digital media game industry through associations and strategic investments of financing” instead of offering “specific” specific loans in the sector. “
Alberta Innovation Minister Nate Glubish was commissioned by Smith to develop a tax proposal to coincide with that of other key Canadian development centers such as Quebec, Ontario and British Columbia, which were offering tax credits to games manufacturers of 37.5%, 40%and 17.5%, respectively, with the last to 25%in September.
Jonathan Gauthier, Glubish press secretary, told the publication that strategic associations were the “most effective and sustainable” form of helping the development of the game in Alberta.
The Canada Games industry contributed $ 5.1 billion to its GDP in 2024, reflecting a 3% increase in the sector since 2021.
The total contribution of $ 5.1 billion to the GDP of Canada is estimated at $ 3.9 billion directly from the sector, with $ 1.2 billion of broader economic effects, including the supply chain and employee salaries.
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