Tax Credits and Rebates
Tax credits and exemptions are available to support targeted industries and encourage investment in Island companies.
With the success of the marine technologies companies in Prince Edward Island, a cluster development initiative took place within the sector.
Advanced marine technology has the potential to parallel the success of the aerospace industry in PEI. In 2015...
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...
The Innovation and Development Labour Rebate (IDLR) is a refundable labour rebate, which may apply to projects in support of the development and/or commercialization of new products, processes, and services that will be sold primarily beyond the borders...
The Enriched Investment Tax Credit adds to the existing PEI Investment Tax Credit of 10 per cent. It is applied to certain capital investments by manufacturing and processing companies. An enriched tax rebate of 25 per cent will be available through a...
The Share Purchase Tax Credit provides a tax rebate to a Prince Edward Island personal individual, aged 19 or over, who invests in an eligible Prince Edward Island company.
Who is eligible for Share Purchase Tax Credit?
The company issuing the eligible...
The Specialized Labour Tax Credit provides an incentive for workers with specialized expertise or skills not yet available in Prince Edward Island to accept employment here.
Who is eligible for Specialized Labour Tax Credit?
The tax credit is paid to...
The efficiencyPEI Business Energy Rebates program offers support to businesses, non-profits and institutional organizations, as well as industrial/agricultural facilities for choosing high-efficiency products. Refer to the table below for a complete list...
The efficiencyPEI Commercial Energy Audit Program provides financial incentives towards an evaluation to determine the potential for energy efficiency in commercial buildings. Incentives vary by building category as outlined below.
To apply for the...
Islanders have the opportunity to invest in economic development within their community. Approved CEDBs raise funds by issuing shares to people, and then invest those funds in local businesses.
What is a Community Economic Development Business (CEDB)?...
The farm building assessment program provides owners of farm properties with tax relief for farm buildings that are no longer used for the reason for which they were originally constructed, converted to an alternate use, or vacated.
Who is eligible?...
This section provides information on property tax credit programs available to eligible PEI property owners.
What property tax credit programs are available?
You may be eligible to apply for one or more of the following property tax credit programs:...
A provincial tax credit may be applied to the provincial portion of property tax on non-commercial property. Currently, the provincial tax credit is $0.50 per $100 of taxable valuable assessment.
Who is eligible?
You may qualify for the provincial tax...