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...
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?...
PEI Broadband Fund for Residents provides financial assistance for Prince Edward Island residents to have an Internet Service Provider (ISP) complete work that will allow the resident to receive internet service or improved internet service at their...
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...
Tourism operators owing interest on 2021 property tax payments may apply for Tourism Property Tax Relief, provided the applicant’s property is part of their tourism operation. The existing Tourist Interest Relief Program is now expanded to include...