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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...
Islanders to receive inflationary support payment this week
2022-07-04
This week, over 90,000 Island residents will receive a relief payment to support those most affected by pressures brought on by inflation. The inflationary support payment is a provincially funded initiative that will be delivered in collaboration with the Canada Revenue Agency (CRA) to provide an...
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...
Islanders invited to provide feedback on Responsible Gambling Strategy
2021-11-29
Islanders can provide their input to update the current Responsible Gambling Strategy through online submissions beginning today. Through the PEI Lotteries Commission, Government awarded the MRSB group in updating, developing, and delivering the Province’s Responsible Gambling Strategy. MRSB is...
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...