this post was submitted on 05 Jun 2024
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Behaviour Interactive to lay off up to 95 employees (Creators of Dead by Daylight) (www.gamesindustry.biz)
submitted 5 months ago by [email protected] to c/[email protected]
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[–] [email protected] 4 points 5 months ago (1 children)

Did something change with the games industry tax breaks in Montreal/Canada? It feels like a lot of Montreal based layoffs lately.

[–] [email protected] 5 points 5 months ago (1 children)

It did:

The provincial government has reduced the base tax credit amount by 10%, and introduced a cap on how much of the spend is eligible for the tax credit (now 65%), analysts are saying that this reduces the credit overall by 30%

https://www.lapresse.ca/affaires/techno/2024-03-12/budget-du-quebec-2024/le-menage-commence-par-les-ti-et-les-jeux-video.php https://www.cbc.ca/news/canada/montreal/vfx-animation-quebec-tax-credits-1.7218781

[–] [email protected] 2 points 5 months ago

Interesting, thanks for the link!

I wonder how this is going to shake out in the long term. A lot of studios are set up in Montreal purely because of the tax breaks and it's evidently easy enough for some to close down or move away. It's certainly not going to be a destination companies will look to set up new studios or offshoots in the future if the tax breaks are less enticing than even other Canadian provinces.