I'll point to the one we currently have here in Prince Edward Island, which is quite unique. It's through Innovation PEI, and it's called a video game labour rebate.
The primary difference between what we have here and the tax rebates that happen in Nova Scotia, Quebec and British Columbia is that it's a just-in-time style of program. Every 90 days I submit my payroll and get a rebate back on the talent. Most tax rebates don't show up until 18 or 24 months later. As we're a brand new start-up and cash is tight, having that money flow in every 90 days has kept us alive in periods when we lost contracts or had major life changes in the business.
That specific model is worth our giving up a small percentage. If I have my labour in Nova Scotia or Quebec, I can get upwards of 40% back, whereas for Prince Edward Island, it's only 20%, but the frequency of the payments is significant in terms of accessing it and being able to keep going. That's why I like the model that's been presented here.
There's also the CMF. I have one more comment on the CMF side of things. My studio hasn't benefited from the CMF program, but I've seen the impact of it on original Canadian programming, game development and ideas being developed. There was an increase of $15 million to the fund in April, which has been well received in our industry.
