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Tax relief for the new year
Supporting Island families - , Islanders will pay less in taxes this year due to decreases in taxes on gas and diesel. As of midnight, December 31, tax on gas is reduced by 3.42 cents per litre, with a 4.37 cents per litre reduction on diesel tax. “Islanders are working hard and our province’s...
Carbon levy revenue returned to Islanders
Government has committed to returning all revenue from the carbon levy on gas and diesel directly back to Islanders. “Our made-in-PEI plan has always been to reach our climate change targets without costing Islanders,” said Finance Minister Heath MacDonald. “We will offset the increase at the...
Second Quarter forecast indicates $4.4M surplus
The Second Quarter Forecast for 2018-19 indicates a surplus of $4,354,800, an improvement from the budgeted surplus of $1,474,700. “Prince Edward Island’s economy has seen solid economic growth over the last number of years and the trend continues into 2018,” said Finance Minister Heath MacDonald...
Capital Budget invests in health, education, well-being of Islanders
Investing in Infrastructure, The 2019-2020 Capital Budget will invest $156.6 Million in schools, affordable housing, mental health facilities and transportation infrastructure – the largest-ever capital budget in our province. “Our government has focused on building a strong economy and thanks to...
New investments in housing
Government is making significant investments in new housing initiatives to ensure all Islanders have access to safe, accessible and affordable housing. “The housing landscape is rapidly changing and we are continuously looking at ways we can find solutions to the challenges,” said Finance Minister...
Additional tax relief to benefit Islanders, small businesses
New changes to the Basic Personal Amount and Business Tax Credit will provide more tax relief to Islanders and Island businesses. In Budget 2018 the Basic amount was raised by an additional $500 bringing the total to $8,660. Now, government is again raising the amount by $500 bringing the new...
Province in strong financial position, thanks to strong economy and responsible spending
The Province of Prince Edward Island ended the 2017-2018 fiscal year with a surplus of $75.2 million – the direct result of the hard work of Islanders, a strong economy, and the responsible spending of tax dollars. “Since 2015 we have been working hard to get our province’s financial house in...
Rent supplements providing housing assistance to Islanders
The Prince Edward Island government is on track to meet and exceed its target of 275 new affordable housing units this year. With 230 new rent supplement arrangements created since the release of the Housing Action Plan in July, government will meet the target of 275 new affordable housing units...
Down payment help available for first-time home buyers
The Prince Edward Island government is making it easier for Islanders to purchase their first home. Under the Down Payment Assistance Program (DPAP), the provincial government will provide interest-free loans – worth up to 5 percent of the purchase price of an eligible property – to qualified...
Learn ‘Just the Facts’ about cannabis use
Islanders should know the facts – and avoid the fiction -- when it comes to the federal government’s legalization of recreational cannabis. The provincial government’s new public awareness campaign “Just the Facts” ( www.justthefactspei.ca ) will bring Islanders information on the laws around...