Share Purchase Tax Credit
Your corporation may be able to attract investors by giving them a certificate which they can use to get a rebate on their personal income tax. They can get 35% of their eligible investment (up to $35,000) in a taxation year.
To qualify, your business must:
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Be involved in:
- Manufacturing and processing for export
- Interactive, information and communications technology
- Aerospace
- Life sciences
- Renewable energy
- Maintain a permanent establishment in PEI
- Pay 75% of its salaries to PEI residents
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