No Fixed Amount
Type of Program:
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:
The applicant must:
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.
The applicant must submit: