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.