No Fixed Amount
Type of Program:
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 of 25% will be available through a pre-approved certificate process for high-productivity applications with a strong export focus.
Comments on Funding:
Funding is an enriched tax rebate of 25%.
When It Ends:
The applicant must:
claim the 10% Investment Tax credit after making the eligible investment,
first submit proposals to Innovation PEI to access the 25% tax rebate. The credit will be issued on approval. The rebate will be offered after applicants provide cost information, with the certificate and the appropriate income tax filing, to Innovation PEI.
Applicants must submit: