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Aerospace and Defence Tax Rebate

Amount:

No Fixed Amount

Type of Program:

Rebate


Description:

The Aerospace Tax Holiday provides all eligible aerospace and defence-related companies a full rebate annually on all corporate income tax paid to the province for operations conducted in Prince Edward Island. There’s also a full rebate annually of all real property tax attributable to ownership or rental of facilities in Prince Edward Island.

Comments on Funding:

The incentive is a tax rebate. 


When It Ends:

Ongoing

Deadline:

December 2022

Eligibility:

​Applicants must be:

  • new or existing aerospace firms operating in the Province of Prince Edward Island,
  • engaged in aviation or aerospace/defence-related businesses, which may include, but is certainly not limited to, original equipment manufacturers, strip and paint shops, repair and overhaul operations, training and various aviation support businesses, 
  • aerospace companies in eligible activities that have 20 or more employees or a payroll in excess of $700,000,
  • aerospace companies engaged in eligible activities that categorize them in the “Aerospace and Defence” sector as defined by the Province of Prince Edward Island.

Program Contact:

Aerospace and Defence Tax Rebate

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