Advanced Marine Technology Tax Rebate
Prince Edward Island
Government of Prince Edward Island, Innovation PEI
Funding Amount
Tax credit amount is a full yearly rebate on all corporate income tax paid to the province of Prince Edward Island.
Program Contact Details
business@gov.pe.ca
1-800-563-3734
Industry
Advanced Marine Technology
What is this funding for?
Tax credit for marine technology companies
Program Description
The Advanced Marine Technology (AMT) tax rebate is a new support that has been modeled from the success of the aerospace industry on Prince Edward Island. In less than 5 years, PEI has gone from limited advanced marine technology activity with sales under $5 million to a growing sector with staffing numbers close to 200 and sales over $100 million. With four ports on PEI and marine based training programs at Holland College, PEI is setting its course to grow the AMT sector through a full yearly rebate on all corporate income tax paid to the province of Prince Edward Island.
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