Canada: Tax measures in 2022 budget (Prince Edward Island)

Prince Edward Island's 2022 budget was delivered 24 February 2022.

Prince Edward Island's 2022 budget was delivered 24 February 2022.

The 2022 provincial budget for Prince Edward Island was delivered 24 February 2022.

The budget does not include any new changes to the corporate or individual (personal) tax rates.

One measure would increase the basic personal income tax exemption to $12,000* (from $11,250), effective 1 January 2023.

Another measure would introduce a new tax on vaping products. There are other tax-related proposals.

Read a February 2022 report [PDF 202 KB] prepared by the KPMG member firm in Canada

*$=Canadian dollar


The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.