Tax Credit
Advanced Marine Technology Tax Rebate
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.
- 4.5/5.0
- Prince Edward Island. Innovation PEI
- All levels
- Last updated 3 years ago
- English
Description
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.