TaxTips.ca - Prince Edward Island personal tax credits

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Atlantic Provinces -> Prince Edward Island

Non-refundable personal tax credits

For information on the amounts of most non- refundable tax credits available to Prince Edward Island residents, see the non-refundable personal tax credits tables.

PE young child tax credit

PE is legislating a tax credit for taxpayers having eligible children under the age of 6. The tax credit is based on $100 per month starting July 1, 2006. The lowest rate of tax will be used to calculate the credit, which will be claimed by the spouse with the lower taxable income.

PE low income tax reduction

	available to low income individuals and families
	amount received depends on family net income
	cannot exceed PE tax payable (not refundable)

See Canada Revenue Agency ( CRA) form PE428 from the Prince Edward Island General Income Tax and Benefit Package page for detailed calculation.

Revised: December 12, 2011

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