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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...
Tax changes provide relief and assistance for Islanders affected by the pandemic
2021-03-16
The provincial government will make tax changes so that Islanders and businesses can keep more money in their pockets as the province continues to recover from the effects of COVID-19. The changes are effective January 2022 and include: Increasing the basic personal income tax exemption to $11,250...
Budget 2021-22 shows province’s path to recovery
2021-03-12
Today, Premier Dennis King and Finance Minister Darlene Compton delivered government’s 2020-21 operating budget that outlines $2.5 billion in spending for programs to assist Islanders, businesses, and industry recover from COVID-19, while optimistically turning an eye to the future. “With the...
Government releases volumes two and three of Public Accounts for 2019-2020 fiscal year
2021-01-29
The Province today released Volumes II and III of Public Accounts, which provides additional information regarding the financial results for government from the 2019-2020 fiscal year. Public Accounts is an annual summary and accountability report of the Government of Prince Edward Island, audited...
Government releases volume one of Public Accounts for 2019-2020 fiscal year
2021-01-15
The Province today released Volume one of the 2019-2020 Public Accounts that show the audited financial results for government from the 2019-2020 fiscal year, including a surplus of $22 million. Public Accounts is an annual summary and accountability report of the Government of Prince Edward Island...
Islanders reminded to provide their input for the upcoming provincial budget
2021-01-08
Islanders are reminded about the various ways they can provide their ideas and input for the upcoming provincial 2021-2022 operating budget. As a result of ongoing Gender and Diversity Analysis on pre-budget consultations and discussions with key stakeholders, this year’s consultations include...
Further opportunities for Islanders to give their input on upcoming Operating Budget announced
2020-12-31
Further opportunities, in the form of a virtual town hall and a public Facebook Live event, have been announced that will provide more opportunities for Islanders to submit their ideas and feedback on the upcoming budget. All pre-budget consultations will be virtual this year and will include a...
Tax changes leave more money in the hands of Islanders and businesses
2020-12-31
A number of tax changes announced within the 2020-2021 Operating Budget will leave more money in the hands of Islanders and businesses now when they need it most. The changes include the increase of the Low-Income Reduction Threshold from $18,000 to $19,000, the increase in the Basic Personal...