Video game and VR developers will soon benefit from an increased tax credit from the BC government.
Premier David Eby stated “Video games are big business in our province, supporting thousands of jobs. We want to keep growing our tech sector to create even more opportunity for British Columbians. This tax credit will help game developers hire, attract new investment and keep building some of the best games in the world.”
The Province is increasing the tax credit permanently from 17.5% to 25% beginning Sept. 1, 2025. Businesses can claim the credit on salaries and wages paid during development of interactive digital media, which include video games, educational software and simulators.
The changes support growth in an industry that employs more than 20,000 people in B.C. and adds more than $1 billion to the province’s gross domestic product every year, according to CreativeBC.
The tax credit has been welcomed by industry leaders who have a presence in BC such as Electronic Arts.