Canada: Prince Edward Island’s 2016 budget bill | KPMG | GLOBAL

Canada: First reading, Prince Edward Island’s 2016 budget bill

Canada: Prince Edward Island’s 2016 budget bill

Bill 32 includes measures—but no corporate income tax provisions—that were announced in the 2016 budget of Prince Edward Island. Bill 32 received first reading on 6 May 2016.


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Bill 32 includes measures that would:

  • Increase the basic spousal amount and the amount for an “eligible dependent” (equivalent to spouse)
  • Increase the low income tax reduction program amounts for taxpayers with low income
  • Increase the retail sales tax credit


Read a May 2016 report [PDF 46 KB] prepared by the KPMG member firm in Canada: P.E.I. 2016 Budget Bill Receives First Reading 

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