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Budget 2024 signals continued focus on healthcare, housing and affordability for all Islanders
2024-02-29
Today, Hon. Jill Burridge, Minister of Finance, presented government’s 2024-25 operating budget to the legislative assembly, outlining $3.2 billion in investments for Prince Edward Island with a continued focus on healthcare, housing and affordability measures.
“This budget signals where we’re...
Tax changes to benefit Islanders
2024-01-11
Island residents will save more in 2024 due to changes in provincial income and property taxes this year.
Changes to the current income tax bracket system effective January 1, 2024, will result in total savings of $14 million this fiscal year to Islanders impacted, with savings growing to $20...
Province presents 2023-2024 fiscal update
2023-12-06
Today, government released the fiscal and economic update that outlines the financial state of the province and the economic outlook for 2024.
The economic and fiscal update is an annual reflection provided after second quarter outlining what the provincial government expects its financial results...
Government rolls back property tax
2023-12-01
On Wednesday during the legislative assembly, Government passed an amendment to the Real Property Tax Act that will roll back provincial residential property taxes to prevent a sharp rise in taxes in 2024.
The amendment introduces an owner-occupied residential tax credit to net their provincial...
Pre-budget consultations open to Islanders
2023-11-24
Island residents are invited to have their say on the 2024-2025 operating budget by taking part in annual pre-budget consultations.
Residents can submit their thoughts and ideas by emailing budgetsubmissions@gov.pe.ca, participating in an online survey or by registering for virtual consultations...
Province banning TikTok on Government connected devices
2023-03-01
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...
Province freezes property tax for second consecutive year to help Islanders with rising cost of living
2023-02-01
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...
Increasing HST rebate for charitable organizations among list of beneficial tax changes for Islanders
2022-12-20
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...
PEI releases Public Accounts for 2021-2022 fiscal year
2022-10-31
Today, the Government of PEI released all three volumes of Public Accounts which include the audited financial results for government from the 2021-2022 fiscal year and report a surplus of $83.8 million.
Public Accounts is an annual financial summary and accountability report of the Government...
Annual Statistical Review showcases PEI’s resilience and growth in 2021
2022-07-13
The Annual Statistical Review released today, provides an analysis of the province’s economic state, shows areas that continued to be affected by the COVID-19 pandemic, and highlights the re-emergence of PEI’s economy.
The 48th edition gathers data from provincial government departments, the...