Innovation and Development Labour Rebate Program
“Prince Edward Island. Innovation PEI”
The funder does not disclose this information
Maximum Eligible Amount
Government Grant
Fund Type
The Innovation and Development Labour Rebate (IDLR) is a refundable labour rebate, which may apply to projects in support of the development and/or commercialization of new products, processes, and services that will be sold primarily beyond the borders of PEI.
- The IDLR provides a rebate equal 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. Any individuals maintaining ownership in the company are not eligible.
- Projects are expected to be short term; the IDLR 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 IDLR. Innovation PEI may agree to pro-rate the eligible rebate, with partial payments over several years (maximum ten years).
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