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Advanced Marine Technology Tax Rebate
Tax rebate for advanced marine technology companies
Record updated
- Funding available
- Varies by project
- Deadline
- Unspecified
- Location
- Prince Edward Island, Canada
Overview
This program provides a full yearly rebate on corporate income tax paid to Prince Edward Island for eligible advanced marine technology companies. It supports research, development, manufacturing, and export activities in the AMT sector.
At a glance
Funding available
Varies by project
- Develop a new product or service
- Conduct research and development activities
- Access new markets
- Conduct research or evaluation activities
Eligible candidates
- Location
- Prince Edward Island
- Eligible Industries
- All industries
- Annual revenue
- All revenue ranges
- Organisation size
- 15 employees minimum
- Audience
- Startups
- Legal structures
- For-profit business
Start applying for this program
Take a practical assessment to gain a clear understanding of how well this program aligns with your specific needs and long-term goals.
Availability timeline
2016
Periods: 1
Eligibility
Who is eligible?
- New advanced marine technology companies in Prince Edward Island.
- Existing advanced marine technology companies in Prince Edward Island.
Eligible geographic areas
- Prince Edward Island.
Activities funded
- Research and development of advanced marine technology.
- Manufacture of advanced marine technology products and services.
- Export of marine technology solutions from Prince Edward Island.
Processing and Agreement
- Applications are reviewed by Innovation PEI.
- Only eligible companies meeting the minimum criteria may be considered.
- Funding is not guaranteed for all eligible applicants.
- Applicants should consult Innovation PEI for guidance on their specific situation.
Additional information
- The rebate took effect on July 3, 2015.
- It is intended for eligible companies establishing operations in Prince Edward Island.
- Not all companies meeting the minimum criteria will necessarily receive support.
Contacts
Official sources
Frequently Asked Questions about the Advanced Marine Technology Tax Rebate Program
What is the Advanced Marine Technology Tax Rebate?
This program provides a full yearly rebate on corporate income tax paid to Prince Edward Island for eligible advanced marine technology companies. It supports research, development, manufacturing, and export activities in the AMT sector.
Who is eligible for the Advanced Marine Technology Tax Rebate program?
To be eligible for the Advanced Marine Technology Tax Rebate program, you must:
Advanced marine technology company in PEI.
At least 15 PEI employees.
Annual payroll of $700,000 or more.
Who can I contact for more information about the Advanced Marine Technology Tax Rebate?
You can contact Innovation PEI (PEI) by email at business@gov.pe.ca or by phone at (902) 368-6300.
Where is the Advanced Marine Technology Tax Rebate available?
The Advanced Marine Technology Tax Rebate program is available the province of Prince Edward Island.
Is the Advanced Marine Technology Tax Rebate a grant, loan, or tax credit?
Advanced Marine Technology Tax Rebate is a Tax Credits
Who are the financial supporters of the Advanced Marine Technology Tax Rebate?
Advanced Marine Technology Tax Rebate is funded by Innovation PEI (PEI)