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Enriched Investment Tax Credit
Rebates for manufacturing and processing exporters in PEI
Last Update: March 4, 2026
Funding available
No Condition
Timeline
- Open continuously
Location
Prince Edward Island, Canada
Overview
Get a provincial corporate tax credit of 25% on costs associated with qualified manufacturing and processing equipment. To be eligible, your business should be operating in a strategic sector such as bioscience, aerospace and defence, renewable energy and
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase performance through digital transformation
- Optimize production processes
- Access new markets
Eligible Funding
- Up to 25% of project cost
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- Manufacturing
Location
- Prince Edward Island
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- All groups
Next steps
1
Determine your project
2
Validate your eligibility
Eligibility
Who is eligible?
To be eligible for the Enriched Investment Tax Credit, a business must meet the following criteria:1. Location: The business must be located in Prince Edward Island (PEI).2. Registration and Operation: It must be registered to do business and actively operating in PEI.3. Type of Business: The business should be involved in manufacturing, processing, or developing goods or services primarily for export.4. Strategic Sectors: The business must operate within one of the following strategic sectors: - Bioscience - Aerospace and defence - Advanced manufacturing and processing - Renewable energy and clean technology - Information and communications technology - Creative and cultural industries - Other sectors may be considered if the business offers "first-of-its-kind" exportable goods or services.5. Debt Obligations: The business should not have any defaulted outstanding debt obligations on file in the Province’s Central Default Registry.6. Past Compliance: New project submissions will not be reviewed if the applicant is in default on any reporting, project completion, or financial obligation to Innovation PEI without resolving the default first.Who is not eligible
This grant excludes certain companies and industries due to their main activity or financial status. The restrictions are in place to ensure alignment with the grant's objectives and to maintain financial integrity.
- Companies involved in activities such as construction, farming, fishing, mining, logging, and petroleum and natural gas operations.
- Businesses that have a defaulted outstanding debt obligation on file in the Province's Central Default Registry.
- Applicants in default on any reporting, project completion, or financial obligation to Innovation PEI.
Eligible expenses
The Enriched Investment Tax Credit supports activities focused on modernization and productivity improvements for manufacturing and processing companies in Prince Edward Island. Eligible initiatives emphasize investment in advanced machinery and equipment aimed at enhancing export capabilities.
- Investments in machinery or equipment used for manufacturing and processing goods primarily for export.
- Acquisition of new, unused qualified property in Prince Edward Island dedicated to manufacturing or processing.
- Applications that demonstrate the use of advanced manufacturing and processing methods to exceed labour productivity standards.
Additional information
Applicants must comply with the terms and conditions of approval, and crucial timelines must be adhered to for eligibility.
- A corporation must apply for the Enriched Investment Tax Credit before making the investment in qualified property.
- Information collected is subject to the Prince Edward Island Freedom of Information and Protection of Privacy Act.
- Participants must consent to a public announcement relating to the investment and related accomplishments.
Contacts
Frequently Asked Questions about the Enriched Investment Tax Credit Program
Here are answers to the most common questions about the Enriched Investment Tax Credit. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the Enriched Investment Tax Credit?
Get a provincial corporate tax credit of 25% on costs associated with qualified manufacturing and processing equipment. To be eligible, your business should be operating in a strategic sector such as bioscience, aerospace and defence, renewable energy and
How much funding can be received?
Enriched Investment Tax Credit Funds up to 25% of admissible expenses.
Who is eligible for the Enriched Investment Tax Credit program?
To be eligible for the Enriched Investment Tax Credit program, you must:
No specific eligibility criteria information is available for the Enriched Investment Tax Credit at this time.
Who can I contact for more information about the Enriched Investment Tax Credit?
You can contact Government of Prince Edward Island (PEI) by email at innovation@gov.pe.ca or by phone at 902-368-6300.
Where is the Enriched Investment Tax Credit available?
The Enriched Investment Tax Credit program is available the province of Prince Edward Island.
Is the Enriched Investment Tax Credit a grant, loan, or tax credit?
Enriched Investment Tax Credit is a Tax Credits
Who are the financial supporters of the Enriched Investment Tax Credit?
Enriched Investment Tax Credit is funded by Government of Prince Edward Island (PEI), Innovation PEI
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