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Tax Alert 2026 No. 23, 27 April 2026
PEI Finance Minister Jill Burridge tabled the province’s fiscal 2026 budget on 14 April 2026.
On 22 April 2026, the Finance Minister clarified that the new personal income tax bracket announced in the budget will apply as of 1 January 2026, rather than beginning in 2027, as previously indicated in Appendix VII: Provincial Tax Changes to the 2026 Estimates of Revenue and Expenditures budget document. This correction aligns with the coming into force of the amendments implementing the new income tax bracket contained in Bill 23, An Act to Amend the Income Tax Act, which received first reading on 17 April 2026.
This alert has been updated to reflect the government’s correction and replaces the previous version of the alert that was released on 15 April 2026.
Access the full content in the PDF attached below.
Read Tax Alert in full
Issue No. 23, 27 April 2026
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Previous issues
2025 budget implementation bill no. 1 receives Royal Assent
On 26 March 2026, amended Bill C-15, Budget 2025 Implementation Act, No. 1, received Royal Assent and became enacted (substantively enacted on 26 February 2026).
Ontario Finance Minister Peter Bethlenfalvy tabled the province’s fiscal 2026 budget on 26 March 2026.
Manitoba Finance Minister Adrien Sala tabled the province’s fiscal 2026 budget on 24 March 2026.
Yukon Finance Minister Currie Dixon tabled the territory’s fiscal 2026 budget on 19 March 2026.
Saskatchewan Finance Minister Jim Reiter tabled the province’s fiscal 2026 budget on 18 March 2026.
Québec Finance Minister Éric Girard tabled the province’s fiscal 2026 budget on 18 March 2026.
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