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Ubi Toronto studio to increase "tax burden" for Ontario businesses 

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Ubisoft's announcement of a brand new studio in Toronto last week could be bad news for other businesses in the area, according to Marcus Gee of The Globe and Mail.

In a post for the website, the reporter set his sights on Toronto premier, Dalton McGuinty, stating that the opening of the new studio would be a "tax burden" for other developers in the area.

McGuinty pledged a $263 million grant to help Ubi set up the facility, which, it's claimed, will provide 800 new jobs for the area over the next decade.

"That quarter-billion has to come from somewhere, much of it from good Toronto businesses that don't have the buzz factor to attract an open-collared premier," said Gee.

"Their tax burden will rise, and their business will suffer, while the cool kids in the video-game industry collect government cheques."

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Johnny Cullen

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Johnny has experience at a wide range of games media outlets, having written for Eurogamer, Play Magazine, PC Gamer, GameDaily, and more. He worked at VG247 pumping out news at an astonishing rate for several years. More recently, he founded the games website PlayDiaries.

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