Product notice PTCA-PEI was sent today to on-plan customers and to partners:
Tax changes |
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For Prince Edward Island (PETAX), the basic personal amount increased from $8,160 to $8,660 retroactive to 1 January. Because $8,160 was used for the first six months of this year, use $9,160 for the amount from 1 July through 31 December. See the Changing provincial personal tax credits section in the Payroll Tax Release Notes about how to make this change. |
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For more information about the change, refer to the Payroll Deductions Formulas 108th Edition from the Canada Revenue Agency and the revised Form TD1PE. |