Ubisoft planning Toronto studio has news that Ubisoft is planning to take off, to the great white north, take off, it's a beauty way to go (thanks Dave). Here's word on the incentives involved:

TORONTO -- French interactive game maker Ubisoft on Monday unveiled plans to open a Toronto development studio, with the Ontario provincial government pitching in $226 million over 10 years to create 800 jobs.

The move follows the Ontario provincial government in May announcing it will invest $20.5 million into the Starz Animation Toronto 3D cartoon studio over the next five years to create and retain high-tech jobs locally.

In its latest digital industry investment, Ontario will help Ubisoft open its fourth Canadian studio in Toronto, alongside existing facilities in Montreal and Quebec City, where the game maker employs about 2,000 people, and another in Vancouver opened this year.

As part of its agreement with the Ontario government, Ubisoft will invest another $500 million in the new Toronto studio over the next decade, after the facility opens its doors in late 2009. Ubisoft Toronto will be overseen by Yannis Mallat, CEO of Ubisoft Montreal, the game maker's flagship development studio.