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Highlights of the 2019 P.E.I. Budget

Highlights of the 2019 P.E.I. Budget

Prince Edward Island’s Finance Minister Darlene Compton delivered the province’s 2019 budget on June 25, 2019.

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Prince Edward Island's Finance Minister Darlene Compton delivered the province's 2019 budget on June 25, 2019. The budget anticipates a surplus of $1.8 million for the 2019-2020 fiscal year, and forecasts surpluses of $7.4 million for 2020-2021 and $12.6 million for 2021-2022. The budget decreases Prince Edward Island's small business tax rate to 3.0% (from 3.5%) effective January 1, 2020, but does not include any new changes to personal tax rates. The budget also increases the provincial basic personal amount to $10,000 (from $9,160).

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