Development and TechnologyHOME / GOVERNMENT / MINISTRIES / DEVELOPMENT AND TECHNOLOGY / Progressive Tax Rebate Program The Progressive Tax Rebate Program, which was announced in the Prince Edward Island Legislative Assembly on December 9, 2004, provides a suite of measures to counter specific structural impediments in the economy. The four individual tax rebates: promote the development of intellectual property and the production of innovative products and services for export to the world; assist firms to increase productivity and competitiveness; encourage Islanders to invest in Island companies; and help attract new expertise to accelerate the Island's participation in emerging, global opportunities. By focusing on key industrial sectors, the program will create synergies and promote the development of well-defined educational supports; this is a continuation of the approach that has led to Prince Edward Island's recent economic advancement. Strategic sectors include:
For more detailed information, please review: Minister's Introduction [63KB PDF file] Innovation and Development Tax Credit One-page Summary [56KB PDF file] Enriched Investment Tax Credit One-page Summary [55KB PDF file] Share Purchase Tax Credit One-page Summary [56KB PDF file] Specialized Labour Tax Credit One-page Summary [56KB PDF file] | ||||||
