Advanced Marine Technology Tax Rebate
“Prince Edward Island. Innovation PEI”
The funder does not disclose this information
Maximum Eligible Amount
Tax Credit
Fund Type
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.
- To support advanced marine technology sector in Prince Edward Island.
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