# Advanced Marine Technology Tax Rebate

**Type:** Grant
**Category:** Other Programs
**Eligible Regions:** Prince Edward Island
**Official Source:** https://www.princeedwardisland.ca/en/information/innovation-pei/advanced-marine-technology-tax-rebate

## About This Program

Tax credit for marine technology companies

## Details

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.

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