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