PROGRAM SUMMARY The Enriched Investment Tax Credit (EITC) is intended to advance the competitiveness of Prince Edward Island’s manufacturing industry by encouraging investment for modernization and productivity improvement. The Prince Edward Island Income Tax Act provided for a...
The Enriched Investment Tax Credit complements the existing PEI Corporate Investment Tax Credit of 10 per cent. The tax credit is applied to certain capital investments made by manufacturing and processing businesses. Who is eligible for Enriched Investment Tax Credit? To be an eligible applicant, a business must be located in Prince Edward Island and: be registered to do business and actively operating in Prince Edward Island; manufactures, processes, or develops goods or services primarily for export; operates within one of these strategic sectors: bioscience aerospace and defence advanced...
There are over 900 employees in the aerospace industry across Prince Edward Island - the majority of these jobs are at Slemon Park. Slemon Park is a 1,500 acre business park located just outside of Summerside, Prince Edward Island. This includes an airport with two runways and...
The aerospace and defence industry in Prince Edward Island is thriving and enjoys many business advantages: A highly skilled and loyal workforce; Easy access to major international markets including Halifax, Montreal, Toronto, New York, and London; Customized incentive packages...