The 2025-26 Operating Budget for Prince Edward Island, Canada was presented to the legislative assembly on 10 April 2025. The main corporate tax measure is a reduction in the corporate tax rate from 16% to 15% (30% when combined with the federal rate). Further, the small business threshold will be increased from CAD 500,000 to CAD 600,000, with the small business rate maintained at 1% (10% combined rate). These measures will be effective from 1 July 2025. For individuals, the main measures include an increase in the basic personal amount to CAD14,650 for 2025. The basic personal amount will be...