The Ontario Technology Corridor, with members at gamescom 2012 this week, offers aggressive tax incentives and a wealth of skilled talent for ICT and digital media companies.
In a post on Arkadium’s Inside Access site on Facebook, Director of Operations Daniel Sennet states that his New York-based company’s decision to locate a major studio in Ontario “wasn't just because everyone there is nice and says ‘please’ and ‘thank you.’ It also wasn't because hockey is clearly the best sport in the world. It was mainly because as a company, we were looking for an educated, skilled and motivated workforce. We were also looking to open an office in a welcoming city – and by welcoming, I mean one that extends business opportunities to you including significant tax incentives. … it was a clear no-brainer.”
“Forbes Magazine’s most recent Best Countries For Business rating ranked Canada No. 1, citing our ability to skirt the financial meltdown that’s plaguing the U.S. and Europe, our banking system’s solid lending practices, trade freedom, a reformed tax structure and a lack of red tape,” says Bill Elliot, Integrative Trade Consultant with Canada’s Technology Triangle Inc.
Incentives for doing business in Ontario include the Ontario Interactive Digital Media Tax Credit (worth up to 40% of eligible expenditures), R&D tax credits, and a tax credit for hiring new Ontario graduates worth up to 25% of their salaries.
For more on the Ontario Technology Corridor, visit: www.ontariotechcorridor.ca