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Atlantic Canada Business Grants

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  • Prince Edward Island
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Start or grow a business

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

Licence Loan Program

  • This program is currently closed.

Amount:

No Fixed Amount

Type of Program:

Loan


Description:

The Licence Loan Program provides funding to eligible independent fishers to purchase a fishing licence or licence and associated gear.

Comments on Funding:

Required deposit for a new entrant licence only or licence and associated gear loan is a minimum of 5%.
Required deposit for a new species licence only or licence and associated gear loan is a minimum of 10%.

A personal guarantee is taken on all loans.
All loans are subject to an Administration Fee, a Mortgage Registration Fee and/or Personal Property Registration Fee (PPR).
Interest rate is set quarterly but is fixed for term of loan.
 


When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

The applicant must:

  • be a Canadian citizen or a registered Nova Scotian company in good standing,
  • be the age of majority at the time of the application,
  • have a Fishing Masters Class certificate or five years of experience as captain of a vessel,
  • meet Department of Fisheries and Oceans eligibility requirements, if a new entrant.
  • have never held a licence in the commercial fishery (New Entrant), or be current commercial fishery licence holders who wish to diversify into a species for which they have never held a licence (New Species).

Documentation Needed: 

The applicant must submit:

  • the application form,
  • a detailed five year business plan.

Other Things to Note:

Most probably it's the same program as License(s) & Gear Loan.

Program Contact:

Licence Loan Program

Startup & Expansion Loans

Amount:

$25,000

Type of Program:

Loan


Description:

The Startup & Expansion Loans are for small and medium-sized businesses run by entrepreneurs of all ages. Recipients get support to develop their business knowledge and skills in marketing, accounting, human resources and business planning. Low-interest loans of up to $25,000 are available, with flexible repayment terms and no penalty for early repayment of the principal.  

Comments on Funding:

Funding ranges from $5,000 to $25,000 with a low interest rate of Prime + 2%, low principal payments and no penalty for early repayment.
All $5,000 loans are interest free for 6 months.
Up to $60,000 of Additional Funding Available Through CEED’s Community Partners.
 


When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

The applicant must:

  • entrepreneurs of all ages,
  • businesses registered within the Halifax, Dartmouth and Bedford boundaries. 

Application Steps:

1

Applicants must apply through the online form.

Other Things to Note:

CEED Programs are delivered in partnership with ACOA and the Province of Nova Scotia.

Program Contact:

Startup & Expansion Loans

Island Capital Partners’ Fund

Amount:

$500,000.00

Type of Program:

Investment


Description:

The Island Capital Partners' Fund invests in high growth potential Prince Edward Island companies.

Comments on Funding:

Investment size usually ranges from $100,000 to $500,000.


When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

The applicant must:

  • Applicants must be Prince Edward Island companies with high growth potential.

Application Steps:

1

Applicants must contact Island Capital Partners for further details.

Program Contact:

Home - Island Capital Partners

Food Propel’s Growth Fund

Amount:

No Fixed Amount

Type of Program:

Investment


Description:

Food Propel's Growth Fund provides financial support to food companies on PEI to grow their business. Food Propel is an intensive one-year accelerator program providing selected companies workshops, market investigation, a dedicated mentor team, networking & learning and access to their Growth Fund.


When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

The applicant must:

  • be PEI food companies,
  • be willing to take the next critical step to capitalize on their growth potential.

Application Steps:

1

Applicants must contact ​Tyson Macinnis at (902) 628-7998.

Other Things to Note:

For more information applicants must contact Tyson MacInnis at (902) -367- 4405 or tyson@foodislandpei.ca.
The Food Island Partnership is supporting the growth of PEI food businesses, providing a series of activities to value-added food companies.

Program Contact:

​Food Propel

​Food Company Support​​​

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