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Government introduces changes to income tax
2023-05-26
Today during the Legislative Assembly, Government introduced amendments to the Income Tax Act that will result in more than $14 million remaining in the pockets of Islanders beginning this year.
The bill implements income tax changes announced in the 2023-24 operating budget.
Starting in 2023...
Budget presents plan to support and improve the lives of Islanders
2023-05-25
Today, Premier Dennis King and Finance Minister Jill Burridge presented government’s 2023-24 operating budget to the Legislative Assembly, outlining a record $3 billion in investments for Prince Edward Island.
“The province is changing. It’s time to be creative and rethink how we do things. Our...
2022 Labour Force Survey shows record growth in PEI’s employment sector
2023-02-07
The 2022 Labour Force Survey for Prince Edward Island highlights a record year for employment and wage figures and showcases the strength of PEI’s growing economy.
The Labour Force Survey Annual Report is compiled and published by PEI’s Statistics Bureau in partnership with data collected by...
Inflationary support payment for Islanders arriving this week
2023-01-04
Islanders are reminded that beginning this week, inflationary support payments stemming from the $58 million investment announced by the Province in October 2022 will be distributed to qualified individuals.
The January 2023 Inflationary Support Payment is a provincially funded initiative that...
Province presents 2022-2023 Fiscal Update
2022-12-22
The province is releasing the fiscal and economic update that outlines the financial state of the province and the economic outlook for 2023.
The Economic and Fiscal Update is an annual reflection provided after second quarter outlining what the Provincial Government expects its financial results...
Islanders invited to give their input during pre-budget consultations
2022-12-06
Online submissions for pre-budget consultations open today allowing Islanders to share their input and ideas for the Province’s upcoming 2023-24 operating budget.
In order to effectively and efficiently reach communities and stakeholders across the Island, pre-budget consultations will continue to...
Government providing supports for housing development
2022-11-30
The Government of Prince Edward Island is announcing a new funding program to support the development of housing across PEI.
The Residential Unit Development Incentive (RUDI) for Multi-Unit Residential Buildings provides financial support to encourage the development of newly constructed rental...
Capital Budget commits to record investments for Province
2022-11-02
Today, Premier Dennis King and Finance Minister Mark McLane tabled the provincial government’s capital budget outlining a record spend of over $1 billion dollars in investments to infrastructure across the province over the next five years, including $308.1 million in spending in 2023-2024 fiscal...
Government releases new diversity and inclusion strategy
2022-01-27
The provincial government released a new diversity and inclusion strategy to ensure it is providing a safe, inclusive and diverse work environment for employees and clients, today and in the future.
The 2022-2025 Diversity and Inclusion Strategy will build on the 2019 Diversity and Inclusion...
Volunteer Firefighters tax credit one of many tax changes to benefit Islanders
2021-12-30
A number of tax changes, including a tax credit for volunteer firefighters and ground search and rescue (GSAR) first responders will be introduced in the new year.
The changes will be effective January 1, 2022 and include:
increasing the firefighter tax credit from $500 to $1,000, providing...