For one high tech vertical there’s not much by way of an Alberta Advantage. That’s video game developers.
CEO of Edmonton game development studio Beam Dog, Trent Oster points out the disparity.
“The biggest issue in our business is there’s lots of subsidies specifically around content creation in other provinces and there’s nothing local to kind of offset that.”
In other provinces like Quebec, where you’ll find Ubisoft and their 2600 staff, up to half of personnel costs can be covered off in tax breaks.
Oster says here in Alberta they take what they can get.
“The only thing we can really turn to is the Research and Development Tax Credit, which we do make use of, and that’s mostly on research specifically to making video games. We kind of joke in the industry, it’s basically every five years, take everything you know and throw it out the window.”
Oster is hoping for more support for his industry from the cash-strapped provincial government. An investor tax credit is set to come into place in January.