PEI Labour Rebate
The PEI Labour Rebate (PLR) supports the growth of Island businesses through a refundable labour rebate on incremental job creation. Employment growth must be linked to the development, expansion and/or commercialization of new products, processes, and services that will be sold primarily beyond the borders of PEI.
Offered by Innovation PEI
Amount
Rebate of up to 25 per cent of eligible salaries and wages for incremental full-time positions (1850 hours) with a gross wage of at least $35,000 per annum, applied to a maximum of one year of eligible labour expenses
Quick eligibility check
Who can apply
Employment growth must be linked to the development, expansion and/or commercialization of new products, processes, and services that will be sold primarily beyond the borders of PEI.
To be an eligible applicant, a business must be located in Prince Edward Island and:
- be registered to conduct business and actively operating in Prince Edward Island;
- manufactures, processes, or develops goods or services primarily for export;
- operates within one of these strategic sectors:
- bioscience
- aerospace and defence
- advanced manufacturing and processing
- renewable energy and clean technology
- information and communications technology
- creative and cultural industries
- first-of-its-kind exportable goods or services in other sectors may be considered.
The project must provide economic benefit to the province of Prince Edward Island.
About the funding
Projects are expected to be short term; the PLR is applied to a maximum of one year of eligible labour expenses. The project may exceed one year, but only one year’s expenditures will be used to calculate the PLR. Innovation PEI may agree to pro-rate the eligible rebate, with partial payments over several years (maximum ten years).
The PLR provides a rebate up to 25 per cent of eligible salaries and wages. Eligible salaries and wages are paid to PEI residents for incremental, full time positions (1850 hours), and each position must have a gross wage of at least $35,000 per annum.
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| Equity Investors Incentive | Rebate | Non-repayable direct rebate to investors of up to 20 percent of the purchase price of the equity investment | Open |
| Canadian Roundtable for Sustainable Beef (CRSB) | Rebate | Up to $4,000 | Open |
| Ducks Unlimited Canada and PepsiCo | Rebate | Lesser of a portion of your lending with FCC, to a maximum of $4,000 per year, or $100 per acre registered in DUC's Marginal Areas Program | Open |
| Fertilizer Canada’s Nutrient Stewardship Program – 4R | Rebate | Up to $4,000 | Open |
