Since the bill has received first reading and P.E.I. has a majority government, the budget measures are considered substantively enacted for purposes of IFRS and ASPE as of April 23, 2013.
For details of the budget measures, see TaxNewsFlash-Canada 2013-14, “Highlights of the 2013 P.E.I. Budget”.
For more information, contact your KPMG adviser.
Information is current to April 30, 2013. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500