PEI Labour Rebate

For Prince Edward Island companies looking to scale beyond the local market, hiring new talent is often one of the biggest barriers to growth. The PEI Labour Rebate is designed to ease that pressure by helping Island businesses offset the cost of adding new, full-time positions tied directly to expansion and export-focused projects. Delivered by Innovation PEI, the program focuses on job creation that supports the development, expansion, or commercialization of products and services sold primarily outside the province.

This rebate is particularly relevant for growth-oriented businesses in sectors such as bioscience, advanced manufacturing, clean technology, information and communications technology, aerospace, and creative industries, as well as companies bringing first-of-its-kind exportable offerings to market. Rather than funding equipment or marketing, the program zeroes in on labour, providing a refundable rebate that can cover a meaningful portion of eligible wages for new positions. While project timelines may extend beyond a year, the rebate is calculated based on a defined period of labour costs, making it most effective for businesses with a clear hiring plan linked to near-term growth.

Because funding levels vary by project and applications are assessed as they are received, the PEI Labour Rebate tends to favour well-prepared businesses with strong market potential and long-term viability. Exploring the full program details can help determine whether your planned expansion and hiring strategy aligns with what Innovation PEI is looking to support.