Executive summary
On 17 June 2020, Prince Edward Island Finance Minister Darlene Compton tabled the province’s fiscal 2020–21 budget. The budget contains tax measures affecting individuals and corporations.
The Minister anticipates a deficit of CA$172.7m1 for 2020–21 and projects reduced deficits for each of the next two fiscal years ($69.5m for 2021–22 and $38.4m for 2022–23).
The following is a brief summary of the key tax measures.
Detailed discussion
Business tax measures
Corporate tax rates
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