5002-C (Page 1 of 4) Protected B when completed 2025 Form PE428 You can claim the refundable tax credit in Part D even if you do not have to pay any tax. If it is more than the taxes you have to pay, you may get a refund for the difference. For more information about this form, go to canada.ca/pe-tax-info. Part A - Prince Edward Island tax on taxable income Line 1: Enter your taxable income from line 26000 of your return. ^ Use the amount from line 1 to complete the appropriate column below. *** Transcriber's Note: Use column 1 if the amount on line 1 is $33,328 or less. Use column 2 if the amount on line 1 is more than $33,328 but not more than $64,656. Use column 3 if the amount on line 1 is more than $64,656 but not more than $105,000. Use column 4 if the amount on line 1 is more than $105,000 but not more than $140,000. Use column 5 if the amount on line 1 is more than $140,000 *** Column 1: Line 1 is $33,328.00 or less Line 2: Amount from line 1 ^ Line 3: 0.00 Line 4: Line 2 minus lie 3 (cannot be negative) = ^ Line 5: Rate 9.5% Line 6: Line 4 multiplied by the percentage from line 5 = ^ Line 7: 0.00 Line 8: Line 6 plus line 7 Prince Edward Island tax on taxable income = ^ Column 2: Line 1 is more than $33,328 but not more than $64,656 Line 2: Amount from line 1 ^ Line 3: 33,328.00 Line 4: Line 2 minus lie 3 (cannot be negative) = ^ Line 5: Rate 13.47% Line 6: Line 4 multiplied by the percentage from line 5 = ^ Line 7: 3,166.16 Line 8: Line 6 plus line 7 Prince Edward Island tax on taxable income = ^ Column 3: Line 1 is more than $64,656 but not more than $105,000 Line 2: Amount from line 1 ^ Line 3: 64,656.00 Line 4: Line 2 minus lie 3 (cannot be negative) = ^ Line 5: Rate 16.6% Line 6: Line 4 multiplied by the percentage from line 5 = ^ Line 7: 7,386.04 Line 8: Line 6 plus line 7 Prince Edward Island tax on taxable income = ^ Column 4: Line 1 is more than $105,000 but not more than $140,000 Line 2: Amount from line 1 ^ Line 3: 105,000.00 Line 4: Line 2 minus lie 3 (cannot be negative) = ^ Line 5: Rate 17.62% Line 6: Line 4 multiplied by the percentage from line 5 = ^ Line 7: 14,083.15 Line 8: Line 6 plus line 7 Prince Edward Island tax on taxable income = ^ Column 5: Line 1 is more than $140,000 Line 2: Amount from line 1 ^ Line 3: 140,000.00 Line 4: Line 2 minus lie 3 (cannot be negative) = ^ Line 5: Rate 19% Line 6: Line 4 multiplied by the percentage from line 5 = ^ Line 7: 20,250.15 Line 8: Line 6 plus line 7 Prince Edward Island tax on taxable income = ^ Enter the amount from line 8 on line 55 and continue at line 9. Part B - Prince Edward Island non-refundable tax credits Line 56010: Internal use Line 9 and line 58040: Basic personal amount Claim $14,650 ^ Line 10 and line 58080: Age amount (if you were born in 1960 or earlier) (use Worksheet PE428) (maximum $6,510) ^ Spouse or common-law partner amount: Line 11: Base amount 13,687.00 Line 12: Your spouse's or common-law partner's net income from line 23600 of their return ^ Line 13 and line 58120: Line 11 minus line 12 (if negative, enter "0") (maximum $12,443) = ^ Amount for an eligible dependant: Line 14: Base amount 13,687.00 Line 15: Your eligible dependant's net income from line 23600 of their return ^ Line 16 and line 58160: Line 14 minus line 15 (if negative, enter "0") (maximum $12,443) = ^ Line 17 and line 58200: Amount for infirm dependants age 18 or older (use Worksheet PE428) ^ Line 18 and line 58230: Amount for young children (complete the chart at the end of page 2) Line 58229: Number of months ^ multiplied by $100 = ^ Line 19: Add lines 9, 10, 13, and 16 to 18. = ^ CPP or QPP contributions: Line 20 and line 58240: Amount from line 30800 of your return ^ Line 21 and line 58280: Amount from line 31000 of your return ^ Employment insurance premiums: Line 22 and line 58300: Amount from line 31200 of your return ^ Line 23 and line 58305: Amount from line 31217 of your return ^ Line 24: Add lines 20 to 23. = ^ Line 25: Line 19 plus line 24 = ^ 5002-C (Page 2 of 4) Part B - Prince Edward Island non-refundable tax credits (continued) Line 26: Amount from line 25 of the previous page ^ Line 27 and line 58360: Pension income amount (maximum $1,000) ^ Line 28 and line 58365: Children's wellness tax credit ^ Line 29 and line 58400: Caregiver amount (use Worksheet PE428) ^ Line 30: Add lines 26 to 29. = ^ Line 31 and line 58440: Disability amount for self (claim $6,890 or, if you were under 18 years of age, use Worksheet PE428) ^ Line 32 and line 58480: Disability amount transferred from a dependant (use Worksheet PE428) ^ Line 33 and line 58500: Teacher school supply amount (maximum $500) ^ Line 34: Add lines 30 to 33. = ^ Line 35 and line 58520: Interest paid on your student loans (amount from line 31900 of your return) ^ Line 36 and line 58560: Your tuition and education amounts (attach Schedule PE(S11)) ^ Line 37 and line 58600: Tuition and education amounts transferred from a child or grandchild ^ Line 38 and line 58640: Amounts transferred from your spouse or common-law partner (attach Schedule PE(S2)) ^ Line 39: Add lines 34 to 38. = ^ Medical expenses: Line 40 and line 58689: Amount from line 33099 of your return ^ Line 41: Amount from line 23600 of your return ^ Line 42: Applicable rate 3% Line 43: Line 41 multiplied by the percentage from line 42 = ^ Line 44: Enter whichever is less: $1,678 or the amount on line 43. ^ Line 45: Line 40 minus line 44 (if negative, enter "0") = ^ Line 46 and line 58729: Allowable amount of medical expenses for other dependants (use Worksheet PE428) ^ Line 47 and line 58769: Line 45 plus line 46 = ^ Line 48 and line 58800: Line 39 plus line 47 = ^ Line 49: Prince Edward Island non-refundable tax credit rate 9.5% Line 50 and line 58840: Line 48 multiplied by the percentage from line 49 = ^ Donations and gifts: Line 51: Amount from line 13 of your federal Schedule 9 ^ multiplied by 9.5% = ^ Line 52: Amount from line 14 of your federal Schedule 9 ^ multiplied by 19% = ^ Line 53 and line 58969: Line 51 plus line 52 = ^ Line 54 and line 61500: Line 50 plus line 53 Enter this amount on line 58. Prince Edward Island non-refundable tax credits = ^ Details of amount for young children (if you need more space, attach additional pages) Child's name ^ Relationship to you ^ Date of birth (Year/Month/Day) ^ Number of eligible months ^ Total number of eligible months for all children = ^ Enter the total number of months on line 58229 of page 1. 5002-C (Page 3 of 4) Part C - Prince Edward Island tax Line 55: Prince Edward Island tax on taxable income from line 8 ^ Line 56 and line 61510: Prince Edward Island tax on split income (complete Form T1206) ^ Line 57: Line 55 plus line 56 = ^ Line 58: Prince Edward Island non-refundable tax credits from line 54 ^ Line 59: Line 57 minus line 58 (if negative, enter "0") = ^ Line 60 and line 61520: Prince Edward Island dividend tax credit (use Worksheet PE428) ^ Prince Edward Island minimum tax carryover: Line 61 and line 61540: Amount from line 40427 of your return ^ multiplied by 57.5% = ^ Line 62: Line 60 plus line 61 = ^ Line 63: Line 59 minus line 62 (if negative, enter "0") = ^ Prince Edward Island additional tax for minimum tax purposes: Line 64: Amount from Line 14 of Part 7 of Form T691 ^ multiplied by 57.5% = ^ Line 65: Line 63 plus line 64 = ^ Prince Edward Island low-income tax reduction If you had a spouse or common-law partner on December 31, 2025, you and your spouse or common-law partner need to decide who will claim this tax reduction for your family. Any unused amount from line 101 can be claimed by the other spouse or common-law partner on line 66 of their Form PE428. Unused low-income tax reduction from your spouse or common-law partner: Line 66 and line 63360: Amount from line 101 of your spouse's or common-law partner's Form PE428, if any ^ Line 67: Line 65 minus line 66 (if negative, enter "0") Enter this amount on line 74. = ^ If you are claiming an amount on line 66, enter "0" on line 87 and continue on line 88. If not, continue on line 68. Adjusted family income calculation for the Prince Edward Island low-income tax reduction *** Transcriber's Note: In print, the following table is set up as two columns. The columns are labelled as: Column 1 You; Column 2 Your spouse or common-law partner. *** Line 68: Net income from line 23600 of the return (or the amount you would have entered if the instructions on line 23600 said "if negative, show in brackets") Column 1: You ^ Column 2: Your spouse or common-law partner ^ Universal child care benefit (UCCB) repayment: Line 69: Amount from line 21300 of the return Column 1: You ^ Column 2: Your spouse or common-law partner ^ Line 70: Line 68 plus line 69 Column 1: You = ^ Column 2: Your spouse or common-law partner = ^ UCCB income: Line 71: Amount from line 11700 of the return Column 1: You ^ Column 2: Your spouse or common-law partner ^ Line 72: Line 70 minus line 71 (if negative, enter "0") Column 1: You = ^ Column 2: Your spouse or common-law partner = ^ Line 73: Add the amounts from line 72 of columns 1 and 2. Enter this amount on line 82 of the next page. Adjusted family income ^ 5002-C (Page 4 of 4) Part C - Prince Edward Island tax (continued) Line 74: Amount from line 67 of the previous page ^ Line 75 and line 63370: Basic reduction Claim $350 ^ Line 76 and line 63380: Age reduction for self (if you were born in 1960 or earlier) Claim $250 ^ Line 77 and line 63390: Reduction for spouse or common-law partner (if you had a spouse or common-law partner on December 31, 2025) Claim $350 ^ Line 78 and line 63400: Age reduction for spouse or common-law partner (if they were born in 1960 or earlier) Claim $250 ^ Line 79 and line 63410: Reduction for an eligible dependant claimed on line 58160 Claim $350 ^ Reduction for dependent children born in 2007 or later: Line 80: Number of dependent children (do not include a child on line 63410) Line 60999 ^ multiplied by $300 = ^ Line 81: Add lines 75 to 80 = ^ Adjusted family income: Line 82: Amount from line 73 of the previous page ^ Line 83: Base amount 22,650.00 Line 84: Line 82 minus line 83 (if negative, enter "0") = ^ Line 85: Applicable rate 5% Line 86: Line 84 multiplied by the percentage from line 85 = ^ Line 87: Line 81 minus line 86 (if negative, enter "0") Prince Edward Island low-income tax reduction = ^ Line 88: Line 74 minus line 87 (if negative, enter "0") = ^ Line 89: Provincial foreign tax credit (complete Form T2036) ^ Line 90: Line 88 minus line 89 (if negative, enter "0") = ^ Line 91 and line 63420: Prince Edward Island political contributions made in 2025 ^ Line 92: Prince Edward Island political contribution tax credit (use Worksheet PE428) (maximum $500) ^ Line 93: Line 90 minus line 92 (if negative, enter "0") = ^ Equity tax credit: Line 94 and line 63500: Equity tax credit from Certificate PE-ETC ^ Line 95: Unused Prince Edward Island equity tax credit from your most recent notice of assessment or reassessment ^ Line 96: Line 94 plus line 95 (maximum $7,000) = ^ Line 97: Line 93 minus line 96 (if negative, enter "0") Enter this amount on line 42800 of your return. Prince Edward Island tax = ^ Part D - Prince Edward Island tax credits Line 98 and line 63510: Prince Edward Island volunteer firefighter and volunteer search and rescue personnel tax credit Enter this amount on line 47900 of your return. Claim $1,000 ^ Unused low-income tax reduction that your spouse or common-law partner can claim Line 99: Amount from line 87 above ^ Line 100: Amount from line 65 of the previous page ^ Line 101: Line 99 minus line 100 (if negative, enter "0") Unused amount = ^ See the privacy notice on your return.