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Government providing property tax relief to Islanders
2022-05-06
The Government of Prince Edward Island is providing a one-time subsidy to offset the increase in 2022 provincial residential tax due to the 2021 Consumer Price Index (CPI). The Property Tax Subsidy will be administered through the Provincial Taxation Office and will provide a one-time subsidy to...
Budget 2022-23 outlines investments in Islanders now and for the future
2022-02-24
Today, Premier Dennis King and Finance Minister Darlene Compton delivered government’s 2022-23 operating budget that outlines $2.7 billion in spending to assist Islanders as PEI moves forward and transitions to growth and recovery. “The past 23 months have been incredibly difficult for all...
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,...
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...
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...
Islanders invited to give their input during pre-budget consultations
2020-12-17
Online submissions for pre-budget consultations open today for Islanders to share their input and ideas for the upcoming provincial 2021-22 operating budget. This year, all pre-budget consultations will take place virtually to meet current public health measures. Islanders can submit their input...
Capital Budget lays the foundation for Prince Edward Island to become net-zero
2020-11-20
Today, Premier Dennis King and Finance Minister Darlene Compton tabled government’s capital budget outlining $195.9 million in planned spending on vital infrastructure in 2021-2022 that will continue to support Islanders and move the province towards net-zero. “This has been a year of challenges,...