Canada: Tax measures in 2022 budget (Prince Edward Island)

Prince Edward Island's 2022 budget was delivered 24 February 2022.

Prince Edward Island's 2022 budget was delivered 24 February 2022.

The 2022 provincial budget for Prince Edward Island was delivered 24 February 2022.

The budget does not include any new changes to the corporate or individual (personal) tax rates.

One measure would increase the basic personal income tax exemption to $12,000* (from $11,250), effective 1 January 2023.

Another measure would introduce a new tax on vaping products. There are other tax-related proposals.

Read a February 2022 report [PDF 202 KB] prepared by the KPMG member firm in Canada

*$=Canadian dollar

 

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