Prince Edward Island Tax and Credits PE428
T1 General - 2023

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.

Part A - Prince Edward Island tax on taxable income
Enter your taxable income from line 26000 of your return    1 
       
Use the amount from line 1 to complete the appropriate column below.
If line 1 is $31,984 or less If line 1 is more than $31,984, but not more than $63,969 If line 1 is more than $63,969
 
Amount from line 1.  2 
- - -  3 
Line 2 minus line 3 (cannot be negative) = = =  4 
x x x  5 
Multiply line 4 by line 5 = = =  6 
+ + +  7 
Add line 6 and 7
Prince Edward Island tax on taxable income		 = = =  8 
Enter the amount from line 8 on line 51 and continue at line 9.
                 

Part B - Prince Edward Island non-refundable tax credits

For internal use only  56010
Basic personal amount claim $12,750 58040  9 
Age amount (if you were born in 1958 or earlier) (use Worksheet PE428) (maximum $4,679) 58080 +  10 
Spouse or common-law partner amount
   Base amount  11 
   Your spouse's or common-law partner's net income from line 23600 of their return -  12 
   Line 11 minus line 12 (if negative, enter "0") (maximum $10,829) 58120 =   +  13 
Amount for an eligible dependant
   Base amount  14 
   Your eligible dependant's net income from line 23600 of their return -  15 
   Line 14 minus line 15 (if negative, enter "0") (maximum $10,829) 58160 =   +  16 
Amount for infirm dependants age 18 or older
(use Worksheet PE428)		 58200 +  17 
Amount for young children (Complete the chart on the last page of this form.)
Amount for young children
(Complete the chart on the last page.)		 Number of months 58229 x $100 = 58230  18 
Add lines 10, 11, 14, 17 and 18 =  19 
 
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 Subtotal for Schedule PE(S2) =   +  24 
Line 19 plus line 24 =  25 
                                         
Continue on the next page.   
 
2

Part B - Prince Edward Island non-refundable tax credits (continued)
Amount from line 25 of the previous page =  26 
Pension income amount (maximum $1,641) 58360 +  27 
Children's wellness tax credit 58365 +  28 
Caregiver amount
(use Worksheet PE428)		 58400 +  29 
Add lines 27 to 29 Subtotal for Worksheet PE428 =  30 
Disability amount for self
(claim $6,890 or, if you were under 18 years of age, use Worksheet PE428)		 58440 +  31 
Disability amount transferred from a dependant
(use Worksheet PE428)		 58480 +  32 
Teacher school supply amount (maximum $500) 58500 +  33 
Add lines 30 to 33 Subtotal for Schedule PE(S11) =  34 
Interest paid on your student loans
(amount from line 31900 of your return)		 58520 +  35 
Your tuition and education amounts
(attach Schedule PE(S11))		 58560 +  36 
Tuition and education amounts transferred from a child 58600 +  37 
Amounts transferred from your spouse or common-law partner
(attach Schedule PE(S2)) 		 58640 +  38 
Add lines 34 to 38 =  39 
 
Medical expenses:
Amount from line 33099 of your return 58689  40 
Amount from line 23600 of your return  41 
Applicable rate x  42 
Line 41 multiplied by the percentage from line 42 =  43 
Enter whichever is less: $1,678 or or the amount from line 43. -  44 
Line 40 minus line 44 (if negative, enter "0") =  45 
Allowable amount of medical expenses for other dependants
(use Worksheet PE428)		 58729 +  46 
Line 45 plus line 46 58769 =   +  47 
Line 39 plus line 47 58800 =  48 
Prince Edward Island non-refundable tax credit rate x  49 
Line 48 multiplied by the percentage from line 49 58840 =  50 
Donations and gifts:
Amount from line 13 of your federal Schedule 9 x 9.8% =  51 
Amount from line 14 of your federal Schedule 9 x 16.7% = +  52 
Line 51 plus line 52 58969 =   +  53 
Line 50 plus line 53
Enter this amount on line 58.		 Prince Edward Island non-refundable tax credits 61500 =  54 
                                         
Continue on the next page.   
 
3

Part C - Prince Edward Island tax
Prince Edward Island tax on tabable income from line 8  55 
Prince Edward Island tax on split income (complete Form T1206) 61510 +  •56 
Line 55 plus line 56 =  57 
 
Enter your Prince Edward Island non-refundable tax credits from line 54 -  58 
Line 57 minus 58 (if negative, enter "0") =  59 
                         
Prince Edward Island dividend tax credit
(use Worksheet PE428) 61520 +  •60 
 
Prince Edward Island minimum tax carryover:
Amount from line 40427 of your return x  57.5% = 61540 +  •61 
Line 59 plus line 61 =   -  62 
Line 59 minus line 62 (if negative, enter "0") =  63 
 
Prince Edward Island additional tax for minimum tax purposes:
Amount from line 118 of Form T691 x  57.5% = +  64 
Line 63 plus line 64 =  65 
 
Prince Edward Island surtax:
(Amount from line 65 - $0) x (if negative, enter "0") +  66 
Line 65 plus line 66 =  67 
                         

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 can be claimed by the other spouse or common-law partner. Any unused amount from line 103 can be claimed by the other spouse or common-law partner on line 68 of their Form PE428.
 
Are you claiming this tax reduction on your return? Yes  No
 
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		 =  69 
 
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 Prince Edward Island low-income tax reduction    Column 1
You		 Column 2
Your spouse or
common-law
partner
Net income from line 23600 of the return  70   70 
Universal Child Care Benefit (UCCB) repayment:
Amount from line 21300 of the return		 +  71  +  71 
Add lines 70 and 71 =  72  =  72 
UCCB income:
Amount from line 11700 of the return		 -  73  -  73 
Line 72 minus line 73 (if negative, enter "0") =  74  =  74 
Add the amounts from line 74 in column 1 and column 2.
Enter the amount on line 84 on the next page		 Adjusted family income  75 
                       
Continue on the next page   
 
4

Part C - Prince Edward Island tax (continued)
 
Aamount from line 69 of the previous page.  76 
Basic reduction claim $350  63370  77 
Age reduction for self (if born in 1958 or earlier) claim $250  63380 +  78 
Reduction for your spouse or common-law partner (if you had a spouse or common-law partner on December 31, 2023) claim $350  63390 +  79 
Age reduction for your spouse or common-law partner
(if they were born in 1958 or earlier)		 claim $250  63400 +  80 
Reduction for an eligible dependant claimed at line 58160 claim $350  63410 +  81 
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 = +  82 
Add lines 77 to 82 =  83 
                                         
Adjusted family income:
Amount from line 75 of this form		  84 
Base amount -  85 
Line 84 minus 85 (if negative, enter "0") =  86 
Applicable rate x  87 
Multiply line 86 by line 87 =   -  88 
Line 83 minus line 88
(if negative, enter "0").		 Prince Edward Island low-income tax reduction =   -  89 
Line 76 minus line 89 (if negative, enter "0") =  90 
Provincial foreign tax credit (complete Form T2036) -  91 
Line 90 minus line 91 (if negative, enter "0") =  92 
                           
Prince Edward Island political contributions made in 2023 63420  93 
Prince Edward Island political contribution tax credit (use Worksheet PE428) (maximum $500)  -  94 
Line 92 minus line 94 (if negative, enter "0"). =  95 
Equity tax credit:
Equity tax credit from Certificate PE-ETC. 63500  96 
Unused Prince Edward Island equity tax credit from your 2022 notice of assessment or notice of reassessment +  97 
Line 96 plus line 97 (maximum $7,000) = -  98 
Line 95 minus line 98 (if negative, enter "0")
Enter this amount on line 42800 of your return.		 Prince Edward Island tax =  99 
 
 
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    101 
Amount from line 67   -  102 
Line 101 minus line 102 (if negative, enter "0") Unused amount  =  103 
               

Details of amount for young children
             
First name Last name Relationship to you Date of birth
(mm/dd/yyyy)		 Social insurance number   Num. of eligible months
 
+ 
Total number of eligible months for all children.  = 
Enter this amount on line 58229 in Part B.