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Highlights of the 2018 P.E.I. Budget
Highlights of the 2018 P.E.I. Budget
Prince Edward Island Finance Minister Heath McDonald delivered the province’s 2018 budget on April 6, 2018.
The budget anticipates a surplus of $1.5 million for the 2018-2019 fiscal year, with anticipated surpluses of $3.1 million for the 2019-2020 year and $4.2 million for 2020-2021. The budget reduces the small business tax rate to 4% (from 4.5%) effective January 1, 2018. The budget also increases the provincial basic personal amount by $500 for each of the next two years and introduces a new investment grant for small businesses.
Download this edition of the TaxNewsFlash to learn more.
