The Greater Charlottetown Area Chamber of Commerce is applauding Tuesday’s announcement by the province that it was reducing the small business tax rate and increasing the basic personal tax exemption.
The Chamber has long advocated for both initiatives.
The small business tax reduction will bring the P.E.I. 2019 rate to 3.5%. The Chamber recommends that government continue to reduce the small business tax rate with a target of 2%, which would make it the lowest in Atlantic Canada.