This program expands dental health care
benefits to seniors and low-income Islanders
to better meet the dental needs of our
vulnerable populations.
A further $8 million in annual investments as we
continue to extend supports offered through
the...
A further decrease to the tax rate on small
businesses from 3% to 2%, effective January
1, 2021, making it lowest rate in the
Atlantic provinces.
1% reduction in the
small business
tax rate
Investing $1.2 million to extend this...
Grants to municipalities have increased
by 2.3% since 2019. This funding will allow
Island communities to continue to deliver
services to their residents at
comparable costs.
$253,000 increased
funding to
municipalities
$850,000 to...
There will be $2 million in investment in
the 2020-21 fiscal year, to create 39 new
positions within the Public Schools Branch,
and La Commission scolaire de langue
française, to better meet the needs of
students in our schools across the...
Prince Edward Island
Budget Paper on the Economy
June 2020
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Prince Edward Island
3 3
The following is an update to the economic situation of the
Province since the release of the Revised Economic Outlook in May.
This document will...
MAIN ESTIMATES
Prepared by
Department of Finance
under the direction of the Chair of Treasury Board
The Honourable Darlene Compton
PRINCE EDWARD ISLAND
ESTIMATES
2020-2021
The full texts of the Budget Address, Estimates of Revenue and...
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Budget 2020 Highlights
Theme: Government Responds to COVID-19.
Budget Initiatives:
• 1
• 2
• 3
• 4
Tax Changes
Income Taxes, effective 1 January 2021:
• Raise the basic personal amounts by $500 to $10,500
•...
PRINCE EDWARD ISLAND
BUDGET ADDRESS
Presented by
Darlene Compton
Minister of Finance and
Chair of Treasury Board2020
Presented by
The Honourable Darlene Compton
Minister of Finance
and Chair of Treasury Board
At the First Session of the Sixty-...
2 | Department of Finance / Forecast 2019-2020
Forecast
The Forecast for 2019-2020 indicates a deficit of $3.7 million.
Highlights:
Total revenue is forecast to decrease by $38.4 million,
primarily due to:
• Transportation, Infrastructure...
FISCAL UPDATE
Second Quarter Forecast
2019-2020
Second Quarter Forecast
The Second Quarter Forecast for 2019-2020
indicates a surplus of $706,400.
Highlights:
Total revenue is forecast to decrease by
$4.3 million, primarily due to:
•...
