For-profit entities

NBIF AI Pre-voucher

Amount:

$20,000.00

Type of Program:

Grants

Description:

The purpose of the AI Pre-Voucher Fund is to help foster the creation of new industry-academia collaborations by allowing an industry partner to explore a small project related to an artificial intelligence (AI) application with an academic partner, at no cost. The project must center around the use of applied AI to solve an industrial problem, with the potential to advance the industry partner’s problem definition through to at least a proof of concept within a nine month time frame.

Comments on Funding:

Funding is in the form of a pre-voucher up to a maximum size of $20,000. No leverage is required.

When It Ends:

Ongoing

Deadline:

August 16, 2022

Eligibility:

The industry partner must:

have demonstrated revenue from FY20-21 and would be in a position to make a cash contribution to a project within the next 12 months,
have not previously contributed cash to a research project with the proposed PI,
have physical operations in NB and is incorporated in Canada,
have not previously used this NBIF AI pre-voucher program.

The PI:

must be an eligible NBIF grant holder at an NB research institution,
The PI or someone on their team must have some expertise in artificial intelligence, as demonstrated by any combination of their CV, previous AI projects, and/or peer-reviewed articles.

Application Steps:

Applicants must submit their applications and supporting documents via the NBIF Research Portal.

Other Things to Note:

New funding for this program will be released approximately every 3 months.

Program Contact:

Artificial Intelligence Fund

AI Pre - Voucher Application Portal

AgriInsurance

Amount:

$10,000.00

Type of Program:

Grants

Description:

AgriInsurance is designed as a management tool to provide producers with income protection against uncontrollable natural perils. Coverage offered to producers is available under two scenarios. Under both options, the producer’s investment is protected against the effects of drought, excessive moisture, wind, frost, hail, snow, wildlife, disease and insects. The following vegetable crops are designated as insurable crops under the Newfoundland and Labrador AgriInsurance Program: beet, cabbage, carrot (grown on mineral or peat soil), parsnip, potato (grown from certified class seed or better; locally grown certified seed as well as imported certified seed are eligible - exclusion: Russet Burbank is not eligible for coverage) and rutabaga.

Comments on Funding:

Coverage offered to producers is available under two scenarios:

the first is based on the producer’s pre-harvest cost of production,
the second is based on 70% of the five year average market price for the crop.

When It Ends:

Ongoing

Deadline:

April 30

Eligibility:

The applicant must:

be a Canadian citizen or permanent resident at least 19 years of age,
be an individual or recognized legal entity capable of entering into a contractual agreement with the Government of Newfoundland and Labrador,
be producing crop(s) on land in Newfoundland and Labrador.

Application Steps:

Applicants:

will receive AgriInsurance applications during the first week of April,

should contact their area Agricultural Inspector or their area Agricultural Representative, if they do not receive an application by mail,

must send the completed forms to Newfoundland and Labrador Crop Insurance Agency.

Documentation Needed:

Applicants must submit:

1
the application form,
2
a crop rotation plan,
3
all potato seed tags at the beginning of the crop year, if potato producers,
4
blight control intentions,
5
crop reports.

To initiate a claim, the producer must:

1
file a Notice of Crop Damage and Request for Inspection,
2
submit a Report on Notice of Crop Damage and Request for Inspection,
3
submit the Final Claim report.

Other Things to Note:

The Canada – Newfoundland and Labrador AgriInsurance Program is funded by the Canadian Agricultural Partnership.

Program Contact:

AgriInsurance - Fisheries, Forestry and Agriculture

AgriInsurance-Producer-Handbook-2021-22.pdf

Enriched Investment Tax Credit

Amount:

No Fixed Amount

Type of Program:

Tax Credit

Description:

The Enriched Investment Tax Credit adds to the existing PEI Investment Tax Credit of 10%. It is applied to certain capital investments by manufacturing and processing companies. An enriched tax rebate for an additional 25% tax credit will be available for manufacturing and processing companies that invest in qualified property to implement high-productivity applications with a strong export focus.

Comments on Funding:

Funding is a tax rebate for an additional 25% tax credit.

When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

The applicant must:

be located in Prince Edward Island,
be registered to do business and actively operating in Prince Edward Island,
manufacture, process, or develop goods or services primarily for export,
intend to make a qualified investment in qualified property to implement high-productivity applications with a strong export focus,
not have a defaulted outstanding debt obligation on file in the Province’s Central Default Registry,
operate within one of these strategic sectors: bioscience, aerospace and defence, advanced manufacturing and processing, renewable energy and clean technology, information and communications technology, creative and cultural industries (first-of-its-kind exportable goods or services in other sectors may be considered).

Application Steps:

are encouraged to consult with an Innovation PEI Business Development Officer for guidance on the suitability of the project and the application process,

must claim the 10% investment tax credit without reference to government beyond the completion of the appropriate form with their corporate income tax return,

must apply for the additional 25% tax rebate under the Enriched Investment Tax Credit through Innovation PEI, prior to purchasing the qualified property,

must accept the Letter of Offer, if offered,

must submit a cost summary to verify the amount of the qualifying property, on completion of the purchase and implementation of the machinery and equipment investment. Once the amount of qualifying property has been confirmed, the amount of the tax credit will be calculated,

must submit the company’s annual income tax filing and notice of assessment, to Innovation PEI, for the rebate cheque to be issued.

Documentation Needed:

Applicants must submit:

1
the online application form,
2
a description of the business and an outline of its history,
3
Financial Statements for the previous two years, if existing business,
4
a completed business plan, if new businesses,
5
description of the proposed project or activity in relation to the products and/or services delivered by the business,
6
detailed description of the economic benefits to the organization and to Prince Edward Island,
7
detailed information on the estimated costs of the proposed project or activity (cost estimates should be supported by written quotations),
8
source of funds for the project (for example, lending institutions, banks, government loans and/or grants),
9
explanation of the business's current market position and projected market, outlining any increases in market share,
10
a list of all shareholders and key management personnel.

Program Contact:

Enriched Investment Tax Credit

Enriched Investment Tax Credit Guidelines

Specialized Labour Tax Credit

This program is currently closed.

Amount:

No Fixed Amount

Type of Program:

Tax Credit

Description:

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.

Comments on Funding:

The Specialized Labour Tax Credit applies to personal income tax paid to a maximum of 17% on the eligible income earned by an eligible individual. The credit is effective for one year from the employment start date.

When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

The applicant must:

a Prince Edward Island company,
active in a strategic sector such as: export-focused manufacturing and processing, interactive, information and communication technology, aerospace, bioscience, renewable energy,
whish to hire a specialized worker who migrates to the province for a specific position. The employer must demonstrate that the position was previously advertised in local print news media and could not be filled from the existing PEI labour pool.

Application Steps:

The applicant/company must:

apply to Innovation PEI for to Innovation PEI for a Specialized Labour Tax Credit certificate. If the application meets the criteria and the employee is approved, Innovation PEI will issue a Specialized Labour certificate to the eligible employee.

apply for the tax credit before making an employment offer. The company will not be approved for both the Specialized Labour Tax Credit and the Innovation and Development Labour Rebate for the same position.

To claim the rebate, the employee submits the certificate and a copy of the Notice of Assessment and T4 to Innovation PEI.

Documentation Needed:

The applicant must submit:

the compiled application form,
a business and a marketing plan project,
a feasibility or market study,
a competitive analysis,
a Resume,
the consultant’s proposal(s) and the study’s terms of reference, if the application concerns a study.

Other Things to Note:

The program is not listed among Innovation PEI programs.

Program Contact:

All Programs - Innovation PEI

Share Purchase Tax Credit

This program is currently closed.

Amount:

$35,000

Type of Program:

Tax Credit

Description:

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. The company issuing the eligible share must apply for the Share Purchase Tax Credit.

Comments on Funding:

Funding is a tax rebate on Prince Edward Island personal income tax in the amount of 35% of the value of an eligible investment in an eligible PEI corporation.
The maximum credit that an individual may claim in any taxation year is $35,000.

When It Ends:

Closed

Deadline:

Rolling deadline

Eligibility:

The applicant must:

a Prince Edward Island company,
active in a strategic sector such as: export-focused manufacturing and processing, interactive, information and communication technology, aerospace, life sciences, renewable energy,
permanently established in the province with 75% or more of its payroll to employees residing in Prince Edward Island.

Application Steps:

The applicant/company must:

apply to Innovation PEI for a Share Purchase Tax Credit certificate by completing the Business Development Application (pdf or online). If the application meets the criteria, Innovation PEI will issue a Share Purchase Tax Credit certificate to the company, setting out the cost of the qualified share and other information.

provide the certificate to the investor upon receipt of compensation for the share.

The investor can claim the rebate by submitting the Share Purchase Tax Credit certificate with the investor's notice of assessment to Innovation PEI. Application must be submitted before any financial or legal commitment is made on the project.

Documentation Needed:

The applicant must submit:

the compiled application form,
a business and a marketing plan project,
a feasibility or market study,
a competitive analysis,
a Resume,
the consultant’s proposal(s) and the study’s terms of reference, if the application concerns a study.

Other Things to Note:

The program is not listed among Innovation PEI programs.

Program Contact:

All Programs - Innovation PEI