Community Economic Development Business Program (Prince Edward Island, Canada)

This is the approved revision of this page, as well as being the most recent.
Jump to: navigation, search


Last modified on February 12, 2015.

EZFeed Policy

Place Prince Edward Island


   
Applies to States or Provinces Prince Edward Island
Name Community Economic Development Business Program (Prince Edward Island, Canada)
Policy Category Financial Incentive
Policy Type Personal Tax Incentives
Affected Technologies Biomass/Biogas, Concentrating Solar Power, Energy Storage, Geothermal Electric, Solar Photovoltaics, Wind energy
Active Policy Yes

Implementing Sector State/Province



























Program Administrator Prince Edward Island Department of Finance and Municipal Affairs
Primary Website http://www.gov.pe.ca/cedb/



Last Review 2014-09-15



Summary

The Community Economic Development Business (CEDB) program has been created as part of the Prince Edward Island Rural Action Plan to support local investment in innovative Prince Edward Island businesses.

The program is coordinated by the Department of Finance and Municipal Affairs under the Community Development Equity Tax Credit Act and its regulations. Its objective is to facilitate local investment in Prince Edward Island businesses, with the ultimate aim of stimulating rural community development.

The Community Economic Development Business program is a made-in-PEI initiative designed to achieve similar objectives to the Nova Scotia Community Economic Development Investment Funds.

Local investors in Community Economic Development Businesses will receive relatively generous personal income tax credits for their commitment to local community investment. An investment is eligible for RRSP tax deductibility. The total cost to provincial government will depend on the success of local entrepreneurs in establishing community economic development businesses as well as local community investment interest.



Policy Contact

Contact Name CEDB Coordinator
Department Prince Edward Island Department of Finance and Municipal Affairs
Division Community Economic Development Business
Address P.O. Box 2000

Place Charlottetown, PEI
Zip/Postal Code C1A 7N8
Phone (902) 368-4030

Fax (902) 368-4034
Email CEDB@gov.pe.ca
Website http://www.gov.pe.ca/cedb/contact
     
     

Authorities (Please contact the if there are any file problems.)

Authority 1: Community Development Equity Tax Credit Act




















References