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Prince Edward Island Tax
You have to complete this form for a trust resident in Prince Edward Island and for a non-resident trust that carries on a business through a permanent establishment in Prince Edward Island. Include a completed copy of this form with the trust's return. Taxable income (line 56 of the return)

T3PE
T3 2009

1

Step 1 ­ Prince Edward Island tax on taxable income Testamentary trusts or grandfathered inter vivos trusts
Use the amount on line 1 to determine which one of the following columns you have to complete. more than $31,984, but not more than $63,969

If the amount from line 1 is: Enter the amount from line 1. Base amount Line 2 minus line 3 Rate Multiply the amount on line 4 by the rate on line 5. Tax on base amount Prince Edward Island tax on taxable income (line 6 plus line 7) 2 3 4 5 6 7

$31,984 or less

more than $63,969 2 3 4 5 6 7 8

0 00
q i q e

31,984 00
q i q e q

63,969 00
q i q e q

9.8% 0 00

13.8% 3,134 00

16.7% 7,548 00

8 q

Inter vivos trusts (other than grandfathered)
Prince Edward Island tax on taxable income: Line 1 i 16.7% q 9

Step 2 ­ Donations and gifts tax credit
Total donations and gifts Line 17A of Schedule 11 13112 On the first $200 or less On the remainder Donations and gifts tax credit (line 10 plus line 11)

i i

9.8% q 16.7% q

10 e 13114 ½ q 11 12

Step 3 ­ Prince Edward Island tax
Enter the amount from line 8 or line 9 above. Donations and gifts tax credit (line 12) Dividend tax credit Line 24 of Schedule 8 Line 31 of Schedule 8 Minimum tax carryover Line 30 of Schedule 11 Total credits (add lines 14 to 17) Subtotal (line 13 minus line 18. If negative, enter "0".) Prince Edward Island additional tax for minimum tax purposes Subtotal (line 19 plus line 20) Surtax Subtotal (line 21 plus line 22) Prince Edward Island foreign tax credit (from Form T2036, Provincial or Territorial Foreign Tax Credit) Total Prince Edward Island political contributions 13141 Allowable political contribution tax credit (see instructions on back) Total credits (line 24 plus line 26) Prince Edward Island tax (line 23 minus line 27. If negative, enter "0".) Enter this amount on line 82 of the return.
13130 13101 ½

13

14 i i i 33.83% q 13118 ½ e 16% q 13115 ½ e 57.5% q 13116 ½ e q 15 16 17 q (Amount D from Chart 3 of Schedule 12) 13102 ½ e 13105 ½ q minus $12,500) i 10% q
13110 ½ e

18 19 20 21 22 23

(Line 21

q 24 26

25
13140 ½ e

q
13160 ½ q

27 28

T3PE E (09)

Prince Edward Island Tax Instructions
What's new for 2009
The rate that applies to the taxable amount of dividends other than eligible dividends, for purposes of the dividend tax credit, has changed. Use the following chart to calculate the allowable political contribution tax credit.

Line 26 ­ Allowable political contribution tax credit A trust can deduct, from its taxes payable to Prince Edward Island, part of the amounts it paid to: a registered political party of Prince Edward Island; or a candidate seeking election to the Prince Edward Island Legislative Assembly. Attach an official receipt to the return as proof of payment, and use the applicable column to calculate the allowable credit.

Total political contributions in the year: Enter amount A on line 25.

A

Contributions of $100 or less Amount A Contribution base Line 1 minus line 2 Credit rate Line 3 multiplied by line 4 Base credit Allowable credit ­ line 5 plus line 6 Enter this amount on line 26. 1 2 3 4 5 6 7 0 00 75% 0 00

Contributions more than $100, but not more than $550 100 00 50% 75 00

Contributions more than $550, but not more than $1,150 550 00 33.33% 300 00

Contributions over $1,150

500 00

If you have questions...
If you have questions about Prince Edward Island tax and credits, visit the Canada Revenue Agency (CRA) Web site at www.cra.gc.ca, or call the CRA at 1-800-959-8281. To get forms, go to www.cra.gc.ca/forms, or call 1-800-959-2221.