Tax Credits and Rebates
Tax credits and exemptions are available to support targeted industries and encourage investment in Island companies.
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...
The Rental Unit Property Tax Subsidy has been created to help offset increasing costs for landlords associated with the 2023 rental freeze. The subsidy aims to provide relief on provincial property taxes payable in 2023 and decrease landlord property...
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...
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 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...
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?...
The PEI Broadband Fund for Residents provides assistance to a resident that does not currently have access to a high-speed internet service provider in their local area. Island residents without access to high-speed internet (up to 50 Mbps download, 10...
The PEI Labour Rebate (PLR) supports the growth of Island businesses through a refundable labour rebate on incremental job creation. Employment growth must be linked to the development, expansion and/or commercialization of new products, processes, and...
Funding is available to support approved costs to install broadband infrastructure that will deliver high-speed access in Prince Edward Island. Applications will be accepted from residents, businesses, communities, and internet service providers (ISPs...
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...