Income Tax Act (Chapter 217 of R.S. 1989).

The Act stipulates that every individual who was a resident in the Province on the last day of the taxation year, or who earned income in the Province during the taxation year without being a resident there on the last day, is obligated to pay income tax for each taxation year. Furthermore, every corporation that maintained a permanent establishment in the Province at any point during the year is required to pay an income tax for each taxation year. The Act also provides for computation of tax for individuals, adjustments, rebate, credit and other deductions such as for fertility; computation of tax for corporation; deductions available to all taxpayers, including food bank tax credit for farmers; returns, assessments, payment and appeals. The Act continues providing for administration of the Act, offences, PART V - Collection of Tax and PART VI offshore area.