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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 free...
PEI liquor laws modernize
2021-12-20
The modernization of PEI’s liquor laws and regulations is taking another step forward with recent changes to the province’s Liquor Control Act. Changes made in the 2021 fall session of the Legislative Assembly come into effect December 18, 2021 and include: the ability for patrons to bring their...
Islanders invited to give their input during pre-budget consultations
2021-12-15
Online submissions for pre-budget consultations open today for Islanders to share their input and ideas for the upcoming provincial 2022-23 operating budget. This year again, all pre-budget consultations will take place virtually to adhere with public health and safety precautions. Islanders can...
Province delivers fall fiscal update
2021-11-05
Today, Finance Minister Darlene Compton delivered the fall fiscal and economic update to inform Islanders of the financial state of the province and the economic outlook for 2022. The province showed signs of significant recovery through the second quarter of 2021, thanks to higher than...
Government releases Public Accounts for 2020-2021 fiscal year
2021-10-29
Today, the Province released all three volumes of Public Accounts which include the audited financial results for government from the 2020-2021 fiscal year, and shows a deficit of $5.6M. Public Accounts is an annual financial summary and accountability report of the Government of Prince Edward...
Capital Budget investing in the future well-being of all Islanders
2021-10-26
Today Premier Dennis King and Finance Minister Darlene Compton tabled government’s capital budget outlining $212 million in planned spending on vital infrastructure in 2022-2023 that will continue to build on commitments to support Islanders, now and in the future. “Over the past 19 months,...
Annual Statistical Review recaps 2020 pandemic year
2021-07-13
The Annual Statistical Review released today, provides an analysis of the province’s economic state, shows areas that were affected by the COVID-19 pandemic, and highlights the resilience of PEI’s economy. The 47th edition gathers data from provincial government departments, the private sector, and...
Property tax relief available for Island tourism operators
https://www.princeedwardisland.ca/en/news/property-tax-relief-available-for-island-tourism-operators
2021-06-08
An interest relief program for PEI tourism operators has been modified to help mitigate the effects of the ongoing COVID-19 pandemic. The Tourism Interest Relief Program will now be expanded to include reimbursements on interest payable for property tax bills until December 31, 2021. In addition,...
Government to lower interest rate on overdue property tax balances
2021-04-14
The Province will lower the interest rate on overdue property taxes, which had been announced in the 2021-2022 Operating Budget, to help reduce the financial burden for Island property owners. The rate will be adjusted from 1.5% per month to match the median Atlantic Canadian rate of 1% per month...
Government will cover the cost of testing Island racehorses for Strangles
2021-03-23
Today, Minister of Finance Darlene Compton announced that the Province will support the harness racing industry by paying for testing for the presence of Streptococcal Equi (Strangles) in standardbred racehorses. An Advisory Committee comprised of representatives from the Atlantic Veterinary...