Prince Edward Island equity tax credit

If you’re at least 19 years old, a resident of Prince Edward Island, and you purchased eligible shares from a community economic development business (CEDB) in Prince Edward Island during 2024 or within the first 60 days of 2025, you might be able to claim the non-refundable provincial equity tax credit.

You’ll receive a PE-ETC certificate from the CEDB you invested in to let you know how much you can claim. You need to hold your shares for at least 5 years to receive the full credit amount; otherwise you’ll be given a reduced credit.

If you don’t use the entire credit this year, you can carry forward the rest for up to 7 years or carry it back 3 years. Your notice of assessment (NOA) or reassessment will tell you if you have any unused amounts.

Follow these steps in H&R Block's 2024 tax software:

Before you begin, make sure you tell us that you lived in Prince Edward Island on December 31, 2024.

  1. On the left navigation menu, under the Credits & deductions tab, click Tax Topics.

  2. Select the Investment income & expenses checkbox.

  3. At the bottom of the page, click Add selected topics to my return.

  1. Under the INVESTMENT INCOME heading, select the checkbox labelled Prince Edward Island equity tax credit, then click Continue.

  2. When you arrive at the page for your Prince Edward Island equity tax credit, enter your information into the tax software.