PEI Share Purchase Tax Credit
35% personal income tax rebate up to $35,000 for individuals investing in eligible PEI corporations.
About this program
The Share Purchase Tax Credit provides a tax rebate on PEI personal income tax equal to 35% of the value of an eligible investment in qualified PEI corporations. The maximum credit an individual may claim in any taxation year is $35,000. Eligible investors must be 19 years of age or older and a PEI resident. The company issuing the eligible share applies to Innovation PEI for a Share Purchase Tax Credit certificate, which is then provided to the individual investor. The credit promotes investment in companies operating in strategic sectors including export-focused manufacturing, ICT, aerospace, life sciences, and bioscience.
Eligibility
PEI residents aged 19 or older investing in eligible PEI corporations operating in strategic sectors. Eligible companies must maintain permanent establishment in PEI and pay 75% or more of salary expenses to PEI residents.
Requirements
- Investor must be 19+ years old and PEI resident
- Eligible company in strategic sector (export manufacturing, ICT, aerospace, life sciences, bioscience)
- Company applies for Share Purchase Tax Credit certificate