Prince Edward Island Bill 32 received royal assent on 13 May 2016, and thus enacts certain measures announced in the province's 2016 budget. This legislation does not contain any corporate income tax measures.
Bill 32 increases the basic and spousal amounts and the amount for an eligible dependent (equivalent to spouse). It also increases the low income tax reduction program amounts for taxpayers with low income and increases the retail sales tax credit.
Read a May 2016 report [PDF 47 KB] prepared by the KPMG member firm in Canada: P.E.I. 2016 Budget Bill Receives Royal Assent
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