The Video Game Sector in PEI: Build something great in a secure business environment with one of Canada’s highest employee retention rates. Prince Edward Island’s overall business expenses are 20 to 30% lower than other North American locations (according to the KGPM’s Competitive Alternative Study) making it the perfect place to expand your video game studio.
Growth in PEI
Population: As of July 1, 2021, PEI’s population is estimated to be 164,318. This represents a 1.9% annual growth rate. Positive Growth: PEI is Canada’s only province to show continued economic growth since 2008, and that economic performance was resilient through the challenges of the COVID-19 pandemic as well. Wholesale trade advanced 2.8% and investment in building construction remained robust, up 7.3% on a year-to-date basis through July 2020.
Your Studio Works Here
- Low-Risk Jurisdiction within Canada
- Quarterly Labour Rebate for all Video Game business functions.
- First office location through LaunchPadPEI
- Local education programs working with industry
- Skilled and available talent pool
- Affordable Housing Location
- Collaborative federal, provincial and municipal support
PEI’s Video Game Sector:
The video game sector in PEI continues to grow in size and prominence. Video game companies in PEI benefit from world-class mobile development talent, highly-competitive business costs, marketing and capital assistance, and partners and programs to help you succeed.
PEI’s business incubators, LaunchPad and Startup Zone, offer first-year office space, entrepreneurial services, access to investors, and sponsorship support for Canada’s Start Up Visa Program.
PEI’s Video Game Labour Rebate:
We offer a unique and innovative approach to help studios. A labour rebate is much more flexible than traditional tax credits.
PEI’s Video Game Labour Rebate:
- Rebate on labour expenditures based on PEI
- Easy claiming process – no complex filing
- Quarterly claiming process to ease cash flow
- No limits on job functions
- Companies are pre-approved before costs are incurred