P.E.I. Bill 33 received first reading on May 4, 2018.
This bill includes some tax measures that were introduced in the province's 2018 budget. Bill 33 reduces PEI's small business tax rate to 4% (from 4.5%) effective January 1, 2018, among other changes. This bill does not include consequential changes to the province's dividend tax credit, nor does it contain any measures related to P.E.I.'s newly proposed small business investment grant.
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