Prince Edward Island Tax and Credits

Form PE428

2023

Protected B when completed

You can claim the refundable tax credit in Part D even if you do not have to pay any tax. If it is more than the taxes you have to
pay, you may get a refund for the difference.

For more information about this form, go to canada.ca/pe-tax-info.

Part A – Prince Edward Island tax on taxable income

Enter your taxable income from line 26000 of your return.

Use the amount from line 1 to complete the appropriate column below.

Line 1 is more than

Line 1 is

$31,984 but not

Line 1 is more

$31,984 or less

more than $63,969

than $63,969

Amount from line 1

–

Line 2 minus line 3 (cannot be negative)

x 9.8%

x 13.8%

x 16.7%

Line 4 multiplied by the percentage from line 5

Line 6 plus line 7

Prince Edward Island tax on taxable income

Enter the amount from line 8 on line 55 and continue at line 9.

Part B – Prince Edward Island non-refundable tax credits

Internal use

56010

Basic personal amount

Claim $12,750

58040

Age amount (if you were born in 1958 or earlier)(use Worksheet PE428)

(maximum $4,679)

58080

Spouse or common-law partner amount:

Base amount

Your spouse's or common-law partner's net income

from line 23600 of their return

–

Line 11 minus line 12 (if negative, enter "0")

(maximum $10,829)

58120

►

Amount for an eligible dependant:

Base amount

Your eligible dependant's net income from line 23600 of their return

–

Line 14 minus line 15 (if negative, enter "0")

(maximum $10,829)

58160

►

Amount for infirm dependants age 18 or older (use Worksheet PE428)

58200

Amount for young children

(complete the chart at the end of page 2)

Number of months

58229

x $100 =

58230

Add lines 9, 10, 13 and 16 to 18.

CPP or QPP contributions:

Amount from line 30800 of your return

58240

•20

Amount from line 31000 of your return

58280

•21

Employment insurance premiums:

Amount from line 31200 of your return

58300

•22

Amount from line 31217 of your return

58305

•23

Add lines 20 to 23.

►

Line 19 plus line 24

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Protected B when completed

Part B – Prince Edward Island non-refundable tax credits

(continued)

Amount from line 25 of the previous page

Pension income amount

(maximum $1,000)

58360

Children's wellness tax credit

58365

Caregiver amount (use Worksheet PE428)

58400

Add lines 26 to 29.

Disability amount for self

(claim $6,890, or if you were under 18 years of age, use Worksheet PE428)

58440

Disability amount transferred from a dependant(use Worksheet PE428)

58480

Teacher school supply amount

(maximum $500)

58500

Add lines 30 to 33.

Interest paid on your student loans (amount from line 31900 of your return)

58520

Your tuition and education amounts (attach Schedule PE(S11))

58560

Tuition and education amounts transferred from a child or grandchild

58600

Amounts transferred from your spouse or common-law partner (attach Schedule PE(S2))

58640

Add lines 34 to 38.

Medical expenses:

Amount from line 33099 of your return

58689

Amount from line 23600 of your return

Applicable rate

x 3.0%

Line 41 multiplied by the percentage from line 42

Enter whichever is less: $1,678 or the amount from line 43.

–

Line 40 minus line 44 (if negative, enter "0")

Allowable amount of medical expenses for other dependants

(use Worksheet PE428)

58729

Line 45 plus line 46

58769

►

Line 39 plus line 47

58800

Prince Edward Island non-refundable tax credits rate

x 9.8%

Line 48 multiplied by the percentage from line 49

58840

Donations and gifts:

Amount from line 13

of your federal Schedule 9

x 9.8% =

Amount from line 14

of your federal Schedule 9

x 16.7% =

Line 51 plus line 52

58969

►

Line 50 plus line 53

Enter this amount on line 58.

Prince Edward Island non-refundable tax credits

61500

Details of amount for young children (if you need more space, attach additional pages)

Child's name

Relationship to you

Date of birth
(Year Month Day)

Number of
eligible months

Total number of eligible months for all children

Enter the total number of months on line 58229 of page 1.

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Protected B when completed

Part C – Prince Edward Island tax

Prince Edward Island tax on taxable income from line 8

Prince Edward Island tax on split income (complete Form T1206)

61510

•56

Line 55 plus line 56

Prince Edward Island non-refundable tax credits from line 54

–

Line 57 minus line 58 (if negative, enter "0")

Prince Edward Island dividend tax credit (use Worksheet PE428)

61520

•60

Prince Edward Island minimum tax carryover:

Amount from line 40427 of your return

57.5%

61540

•61

Line 60 plus line 61

►

–

Line 59 minus line 62 (if negative, enter "0")

Prince Edward Island additional tax for minimum tax purposes:

Amount from line 118 of Form T691

x 57.5% =

Line 63 plus line 64

Prince Edward Island surtax:

(Amount from line 65

– $12,500)

x 10% = (if negative, enter "0")

Line 65 plus line 66

Prince Edward Island low-income tax reduction

If you had a spouse or common-law partner on December 31, 2023, you and your spouse or
common-law partner need to decide who will claim this tax reduction for your family. Any unused
amount from line 103 can be claimed by the other spouse or common-law partner on line 68 of
their Form PE428.

Unused low-income tax reduction from your spouse or common-law partner:

Amount from line 103 of your spouse's or common-law partner's Form PE428, if any

63360

–

•68

Line 67 minus line 68 (if negative, enter "0")

Enter this amount on line 76.

If you are claiming an amount on line 68, enter "0" on line 89 and continue on line 90.
If not, continue on line 70.

Adjusted family income calculation for the

Column 1

Column 2

Prince Edward Island low-income tax reduction

You

Your spouse or

common-law partner

Net income from line 23600 of the return

Universal child care benefit (UCCB) repayment:

Amount from line 21300 of the return

Line 70 plus line 71

UCCB income:

Amount from line 11700 of the return

–

Line 72 minus line 73 (if negative, enter "0")

Add the amounts from line 74 of columns 1 and 2.

Enter this amount on line 84 of the next page.

Adjusted family income

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Protected B when completed

Part C – Prince Edward Island tax (continued)

Amount from line 69 of the previous page

Basic reduction

Claim $350

63370

Age reduction for self (if you were born in 1958 or earlier)

Claim $250

63380

Reduction for spouse or common-law partner (if you had

a spouse or common-law partner on December 31, 2023)

Claim $350

63390

Age reduction for spouse or common-law partner

(if they were born in 1958 or earlier)

Claim $250

63400

Reduction for an eligible dependant claimed on line 58160

Claim $350

63410

Reduction for dependent children born in 2005 or later:

Number of dependent children

(do not include a child claimed on line 63410)

60999

x $300 =

Add lines 77 to 82.

Adjusted family income:

Amount from line 75 of the previous page

Base amount

–

Line 84 minus line 85 (if negative, enter "0")

Applicable rate

x 5%

Line 86 multiplied by the percentage from line 87

►

–

Line 83 minus line 88

Prince Edward Island low-income

(if negative, enter "0")

tax reduction

►

–

Line 76 minus line 89 (if negative, enter "0")

Provincial foreign tax credit (complete Form T2036)

–

Line 90 minus line 91 (if negative, enter "0")

Prince Edward Island political contributions made in 2023

63420

Prince Edward Island political contribution tax credit (use Worksheet PE428)

(maximum $500)

–

Line 92 minus line 94 (if negative, enter "0")

Equity tax credit:

Equity tax credit from Certificate PE-ETC

63500

Unused Prince Edward Island equity tax credit from your

most recent notice of assessment or reassessment

Line 96 plus line 97

(maximum $7,000)

►

–

Line 95 minus line 98 (if negative, enter "0")

Enter this amount on line 42800 of your return.

Prince Edward Island tax

Part D – Prince Edward Island tax credits

Prince Edward Island volunteer firefighter and volunteer search and rescue personnel tax credit

Enter this amount on line 47900 of your return.

Claim $1,000

63510

100

Unused low-income tax reduction that your spouse or common-law partner can claim

Amount from line 89 above

101

Amount from line 67 of the previous page

–

102

Line 101 minus line 102 (if negative, enter "0")

Unused amount

103

See the privacy notice on your return.

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