A federal tax credit for research and development done in Canada. Most Canadian-controlled private corporations earn a refundable 35% credit on up to $6 million of qualified spending a year (for tax years starting after December 15, 2024); other claimants earn 15%. You claim it with your income tax return.
Research and innovation funding in Prince Edward Island
5 current programs, 1 open now, ordered by deadline. Always check the funder’s page before you apply.
Includes federal programs open to applicants in Prince Edward Island. All of Canada
Current programs5
Open now1
Only for Prince Edward Island0
Funders5
Current programs
Up to $37,500
Up to $37,500 per project (75% of costs) for Canadian businesses with fewer than 500 employees, academic institutions and research centres to negotiate R&D partnerships with foreign partners. The next intake opens December 1, 2026 at noon Eastern for 24 hours, first come, first served.
Up to $5,000,000
Repayable contributions of up to $5 million per project (normally up to 60% of costs) for agriculture and agri-food businesses commercializing or adopting innovative products and processes. AAFC lists it as closed to applications; the program ends March 31, 2028.
Research internships with graduate students and postdocs, co-funded by Mitacs. A partner organization (business, not-for-profit, hospital or municipality) contributes from $7,500 per 4- or 6-month internship and Mitacs matches it, for a $15,000 research award. Applications are taken on a rolling basis; talk to a Mitacs advisor first.
NRC IRAP funds research and development of new technology products and services at incorporated, for-profit Canadian businesses with up to 500 employees. It starts with advice from an industrial technology advisor; funding comes later, in some cases. There is no deadline: you start with a phone call.