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Government introduces changes to income tax
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
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...
Province banning TikTok on Government connected devices
As of March 1, 2023, the Government of PEI will be banning the use of TikTok on Government connected mobile devices. The changes are being made as a proactive measure to protect the privacy and security of government information, as TikTok’s mobile data collection methods include the ability to...
2022 Labour Force Survey shows record growth in PEI’s employment sector
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...
Province freezes property tax for second consecutive year to help Islanders with rising cost of living
The Government of Prince Edward Island is delivering a property tax initiative that will provide a one-time subsidy to offset the 2023 property tax increase and further support Islanders with the cost of living. Similar to the 2022 property tax initiative, the 2023 Property Tax Subsidy will be...
Inflationary support payment for Islanders arriving this week
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 will...
Province presents 2022-2023 Fiscal Update
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...
Increasing HST rebate for charitable organizations among list of beneficial tax changes for Islanders
The Government of PEI is making changes to taxation initiatives which will leave more money in the pockets of vulnerable Islanders and charitable organizations. The changes being announced will further fulfil government’s commitment to Islanders and will be effective January 1, 2023. These include...
Islanders invited to give their input during pre-budget consultations
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
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...