Game companies in Quebec are about to see their subsidies from the government evaporate. In an effort to get rid of the provincial government's deficit and cut spending, lawmakers in Quebec have decided to cut the generous subsidies they have given companies willing to move to and do business in the region.
According to a report in the French-Canadian publication La Presse, the Quebec government plans to cut as much as $500 million from the incentives it currently offers multinational businesses like Ubisoft. Ubisoft could lose as much as 20 percent of their benefits.
The government of Quebec is facing a $6 billion deficit. The full weight of these cuts will not be felt until 2016.
We'll have to see if big companies like Ubisoft decide that, without those incentives, it will find a friendlier atmosphere to do business in or outside Canada.