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Canada: Tax proposals in Prince Edward Island 2019 budget

Canada: Tax proposals, Prince Edward Island 2019 budget

Prince Edward Island’s 2019 budget—delivered 25 June 2019—included the following tax proposals:


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  • A small business tax rate reduction to 3.0% (from 3.5%), effective 1 January 2020
  • No changes to individual (personal) income tax rates
  • An increased basic personal amount to $10,000* (from $9,160), effective 1 January 2020
  • An increased low-income threshold to $18,000 (from $17,000), effective 1 January 2020

*$=Canadian dollar


Read a June 2019 report [PDF 58 KB] prepared by the KPMG member firm in Canada

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