Programme de dégrèvement pour la main-d’œuvre en innovation

📋 Eligible Entities - Canadian corporations operating in Prince Edward Island - Small and medium-sized enterprises (SMEs) - Businesses engaged in product, process, or service innovation - Organizations with a permanent establishment in PEI - Businesses in all sectors (manufacturing, technology, services, etc.) ### 💰 Funding Details - Tax Credit Rate: 25% of eligible labour costs - Structure: Non-repayable tax credit (applied against corporate income tax) - Matching Requirement: None specified - Maximum Per Project: Not specified in program description - Claim Process: Credit claimed through annual corporate tax return ### 🛠️ Approved Expenses - Employee salaries and wages directly allocated to innovation projects - Payroll-related employment costs for personnel engaged in: - Development of new products - Development of new processes - Development of new services - Labour costs must be directly attributable to commercialization efforts - Costs associated with research and development activities ### ⚠️ Conditions & Milestones - Projects must focus on developing new products, processes, or services (not incremental improvements) - Work must be performed in Prince Edward Island - Labour costs must be directly traceable to eligible innovation activities - Businesses must maintain detailed records of employee time allocation and project documentation - Credit is claimed through the corporate tax filing system - Eligible costs must relate to actual commercialization efforts, not theoretical research alone - Claimant must be a Canadian taxpayer in good standing