Prince Edward Island political contribution tax credit
The Prince Edward Island political contribution tax credit is only available for contributions made before June 12, 2018.
You can claim a tax credit on contributions made to recognized Prince Edward Island political parties, and to candidates who were officially nominated under the Elections Act of Prince Edward Island.
The annual maximum credit is $500 and is calculated as follows:
- 75% of the first $100 contributed
- 50% of the next $450 contributed
- 33 1/3% of the next $600 contributed
Claiming the credit
On line 892 of Schedule 5, Tax Calculation Supplementary – Corporations, enter the total amount of qualifying contributions, and on line 525 enter the amount of the credit you are claiming.
Receipts – You do not have to file official receipts with your return. However, keep them in case we ask for them later. We can only accept photocopies if the issuer certifies them as true copies.
Forms and publications
- Prince Edward Island (provincial site)
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