On September 20, 2021, the Chamber sent a letter to Premier Dennis King in support of adding the Atlantic Investment Bubble to the next Atlantic Premiers’ meeting, which is to be held at the end of September.

The “Atlantic Investment Bubble” is a concept for a regional equity tax credit (ETC) that allows Atlantic Canadians to invest in a company outside their home province but within the region and receive a tax credit.

Today, the four Atlantic provinces each have their own ETC program with varying degrees of tax credit available and, in some cases, limitations on the sectors available under the program. These are set on a provincial basis, meaning you only receive the tax credit if you invest in a company from your home province. The reality, however, is that Atlantic Canada’s business community, particularly high growth companies, operate regionally, driven by the need to tap into larger markets as well as accessing a larger pool of skilled labour, mentors and investors.

To view our letter to Premier King, click here.