INVEST IN SUMMERSIDE
SITE SELECTION
lowest commercially taxed city
Summerside is the lowest commercially taxed City on Prince Edward Island and possesses tax-free zones for the aerospace industry. It has a diverse offering of commercial and retail space that rival many jurisdictions in Atlantic Canada.
PEI CORPORATE INCOME TAX
Business*
& Processing
real Commercial
Property Tax
FEDERAL CORPORATE INCOME TAX
9%
Small Business*
15%
other corporations
Summerside is the lowest commercially taxed city on Prince Edward Island, and boasts tax-free zones for the aerospace industry
Sustainable Labour Market
In Prince Edward Island, companies have profited from a high degree of stability and productivity
in the workforce. Key drivers of this growth are lengthy job tenures, stability, and the low
number of lost days per worker.
Summerside’s economy continues to diversify. As it does, employment attraction intensifies.
Economic growth, in turn, is met with increased community support for diversification.
Summerside Advantages
An interconnected network of senior collaborators and industry experts, plus public and private investors bring all key players into the “same room”.
Unique Living Lab assets promote research, development, and partnerships to support investment in green and alternative energy, waste management technology, connectivity, and more.
Ideal work/life balance; minimal commuting time; recreational, cultural and entertainment services throughout the province; plus a shared sense of community in a very attractive seaside setting.
Beta testing of new technologies and products permits “Fail First, Fail Fast” in addition to “Fail Cheap” advantages, which accelerate the development cycle and reduce risk and cost. Plus, ready access to customers for product validation.
Low Risk
A promising strategy for a manageable entry into North America.
Advantage
For online/phone-based service companies with two shifts 8:00 am to 8:00 pm, customers can be served during all normal business hours in all time zones across Canada and the U.S.
Retention
Lower turnover and wage burden relative to other North American cities.
Focus
Including creative partnerships with a wide range of professional organizations.
The Best Country For Global Investment
- Canada maintains close international relations beyond its borders including over 1.5 billion customers in 51 countries.
- Canada has trade agreements with the United States, Mexico, the European Union, the United Kingdom, and Pacific countries.
- Access to Canada’s global trade markets is facilitated through a robust and sophisticated infrastructure of over 26 major airports with international connections, over 17 seaports, and 117 border crossings for efficient and timely movement of goods and services.
- Canada enjoys stability with political, banking, and corruption indices atop the global economy.