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Enriched Investment Tax Credit
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...