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PEI Specialized Labour Tax Credit
Tax credit for hiring specialized workers in PEI
Last Update: June 8, 2026
Funding available
Up to 17% of project cost
Timeline
- Receipt of requests is now closed
Location
Prince Edward Island, Canada
Overview
This program provides a labour tax credit to encourage specialized workers to accept employment in Prince Edward Island. It supports companies hiring for identified positions in strategic sectors, including aerospace, bio-science, manufacturing, financial services, ICT, and renewable energy.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Attract or retain talent
- Develop workforce skills
Eligible Funding
- Up to 17% of project cost
Timeline
- Receipt of requests is now closed
Eligible candidates
Eligible Industries
- All industries
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
Activities funded
- Hiring specialized workers for identified positions in PEI.
Documents Needed
- Completed application form
- Proof of job advertising in PEI print media
- HRSDC Job Bank posting details
- Online job posting details and dates
- Job description or duties summary
Eligibility
Who is eligible?
- Specialized workers relocating to Prince Edward Island.
- Companies in aerospace, bio-science, export-focused manufacturing and processing, financial services, ICT, or renewable energy.
Who is not eligible
- Companies outside the listed strategic sectors.
- Employers seeking to fill roles that can already be filled from the existing PEI labour pool.
- Positions already receiving the Innovation and Development Labour Rebate.
Eligible expenses
- Personal income tax paid on eligible income, up to 17%.
Ineligible Costs and Activities
- Positions that can be filled from the existing PEI labour pool.
- Applications submitted after an offer of employment.
- Positions already approved under the Innovation and Development Labour Rebate.
Eligible geographic areas
- Prince Edward Island
Processing and Agreement
- The company applies through Innovation PEI before making an offer of employment.
- Innovation PEI reviews the circumstance and the proposed employee.
- If approved, an agreement is entered into between the company and Innovation PEI.
- A certificate is issued to the employee for claiming the rebate.
- The employee submits the certificate, Notice of Assessment, and T4 to claim the rebate.
Additional information
- The tax credit applies for one year from the employment start date.
- An agreement is signed between the company and Innovation PEI if approved.
- The employee receives a certificate to claim the rebate.
- The program is administered through Innovation PEI and the Department of Innovation and Advanced Learning.
Contacts
Frequently Asked Questions about the PEI Specialized Labour Tax Credit Program
Here are answers to the most common questions about the PEI Specialized Labour 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 PEI Specialized Labour Tax Credit?
This program provides a labour tax credit to encourage specialized workers to accept employment in Prince Edward Island. It supports companies hiring for identified positions in strategic sectors, including aerospace, bio-science, manufacturing, financial services, ICT, and renewable energy.
How much funding can be received?
PEI Specialized Labour Tax Credit Funds up to 17% of admissible expenses.
Who is eligible for the PEI Specialized Labour Tax Credit program?
To be eligible for the PEI Specialized Labour Tax Credit program, you must:
Employer in a strategic sector.
Identified position with labour shortage in PEI.
Job advertised in local print media.
What expenses are eligible under PEI Specialized Labour Tax Credit?
Hiring specialized workers for identified positions in PEI.
Who can I contact for more information about the PEI Specialized Labour Tax Credit?
You can contact Innovation PEI (PEI) by email at none or by phone at (902) 368-6300.
Where is the PEI Specialized Labour Tax Credit available?
The PEI Specialized Labour Tax Credit program is available the province of Prince Edward Island.
Is the PEI Specialized Labour Tax Credit a grant, loan, or tax credit?
PEI Specialized Labour Tax Credit is a Tax Credits