Canada | Prince Edward Island budget 2025-26

15 April 2025|Tax Alerts, Provincial/State & Local Taxation, Global|Canada

On 10 April 2025, the Prince Edward Island budget was tabled and included tax measures affecting corporations and individuals.
The budget proposed to decrease the provincial general corporate income tax rate from 16% to 15% and increase the CA$500,000 small-business limit to CA$600,000, effective 1 July 2025.
The budget also included a proposed increase in the provincial personal income tax brackets of 1.8% and increases to certain personal tax credits.

On 10 April 2025, Prince Edward Island …

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