Aerospace and Defence Tax Rebate
A tax rebate incentive for aerospace and defence-related companies offers a full yearly rebate on all corporate income tax paid to the province of Prince Edward Island. There is also a full yearly rebate of all real property tax relating to ownership or rental of spaces in Prince Edward Island.
Offered by Innovation PEI
Amount
no fixed amount
Quick eligibility check
Who can apply
You / your company qualify if you are:
- new and existing Aerospace and Defence firms in Prince Edward Island;
- aerospace companies that have 20 or more employees or a payroll over $700,000;
- aerospace companies working in the Aerospace and Defence sector as defined by the Province of Prince Edward Island; and
The tax rebate will continue until December 2033. Qualified companies are those working in aviation, aerospace, or defence businesses such as:
- original equipment manufacturers,
- strip and paint shops,
- repair and overhaul operations, or
- training and various aviation support businesses.
About the funding
A tax rebate incentive for aerospace and defence-related companies offers a full yearly rebate on all corporate income tax paid to the province of Prince Edward Island. There is also a full yearly rebate of all real property tax relating to ownership or rental of spaces in Prince Edward Island.
The tax rebate will continue until December 2033.
