Prince Edward Island political contribution tax credit

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, as follows:

• 75% of the first $100 contributed
  plus
• 50% of the next $450 contributed
  plus
• 33 1/3% of the amount contributed that is more than $550, to a maximum credit of $500

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

• Schedule 5, Tax Calculation Supplementary – Corporations

Government partners

• Prince Edward Island (provincial site)

Date modified:

2017-04-20