| Provincial Tax Credits and Incentives |
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Page 8 of 11 Prince Edward Island IncentivesPrince Edward Island Film and Television Labour RebateThe Prince Edward Island (“PEI”) government, through Technology PEI (Tech PEI), offers a film funding program with a mandate, in part, to encourage the development, production, marketing, and distribution of PEI film productions, and to promote and support the development of an economically viable and vibrant film industry in PEI. Tech PEI provides eligible PEI production companies, including those involved in co-productions, with an opportunity to receive funding directly from the provincial government. The programs offered by Tech PEI at the present are discussed below. In addition, the PEI government, through its Progress Tax Rebate Program, offers an Innovation and Development Tax Credit. This refundable tax rebate is designed to encourage the development of new products, processes and services. The rebate applies to projects that develop and/or commercialize new products, processes or services which are to be primarily sold outside of PEI (including film and television products). The credit is equal to 35% of eligible salaries and wages incurred by eligible companies. To be eligible, the applicant must be a permanent PEI company that carries on business within a strategic industrial sector, including the interactive, information and communications technology sector (which includes film and television), and that undertakes the development or commercialization of new or innovative products, processes or services relating to that sector. Other Prince Edward Island Incentives Technology PEI:
Visit Technology Prince Edward Island at www.gov.pe.ca or www.techpei.com or call 902.368.6300. Continued... |
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