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______________________________________________________________________________Stewart McKelveyDoing Business in Atlantic Canadarebate of Provincial Sales Tax, Income Tax and Property Tax to qualifying companies until the year2012.Tax-free zones have also been established for eligible businesses operating in the West PrinceBusiness Park in Bloomfield and the Pooles Corner Business Park in Pooles Corner.• Innovation and Development Tax CreditThe Innovation and Development Tax Credit is a refundable tax rebate which may apply to projectsthat support the development and/or commercialization of new products, processes and serviceswhich will be sold primarily beyond the borders of Prince Edward Island. A new product, process orservice is one that has not previously been successfully developed in Prince Edward Island forcommercial production or sale. Through a certificate process, the program provides a rebate of taxequal to 35% of eligible salaries and wages, subject to a 150% increase for overhead and othernecessary costs. Projects are expected to be short term. Projects may exceed two years, but onlytwo years of expenditures may be used to calculate the IDTC.• Enriched Investment Tax CreditThis program provides an addition to the existing Investment Tax Credit of 10% applied to certaincapital investments by manufacturing and processing companies. For high-productivityapplications with a strong export focus, an enriched tax rebate of 25% will be available through apre-approved certificate process.• Share Purchase Tax CreditThe Share Purchase Tax Credit provides a tax rebate on Prince Edward Island personal incometax in the amount of 35% of the value of an eligible investment in an eligible provincial corporation.The maximum credit that an individual may claim in any taxation year is $35,000.• Specialized Labour Tax CreditThe Specialized Labour Tax Credit is intended to help kick-start new business growth by providingan incentive for workers with specialized expertise or skills to accept employment on PrinceEdward Island, where that knowledge or skill is not yet available in the provincial labour market.The 17% tax rebate applies to the personal income tax payable, for up to three years, on eligibleincome earned by the eligible individual.For further details on available tax incentives and other incentive programs, contact:Invest PEIPO Box 910Charlottetown, Prince Edward IslandCanada, C1A 7L9Toll free: 1-866-822-5500Tel: 902-368-6300Fax: 902-368-6301Email: info@investpei.comWeb: www.investpei.comNova Scotia• Small Business Financing ProgramThis program gives small business access to capital through a loan guarantee program initiated by theDepartment of Economic and Rural Development, Credit Union Central, and the NS Co-operative Council.Loans of up to $150,000 will be available to small businesses. The province will guarantee up to 75% of theloan, with the credit unions being responsible for the remaining 25%.Page 93