Canada: Tax measures in Prince Edward Island’s 2020 budget

Canada: Tax measures in Prince Edward Island’s budget

The Prince Edward Island's Finance Minister on 17 June 2020 delivered the province’s 2020 budget.

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Related content

  • Proposes to reduce the province's small business tax rate to 2% (from 3%), effective 1 January 2021
  • Introduces measures to expand provincial gas tax exemptions for farmers
  • Introduces a $500* non-refundable wellness tax credit for families with children
  • Proposes to increase the province's basic personal income tax amount to $10,500 (from $10,000)

*$=Canadian dollar


Read a June 2020 report [PDF 181 KB] prepared by the KPMG member firm in Canada

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