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Tax changes mean more money for Islanders
2019-12-23
A number of tax changes will be coming into effect in the New Year that will give Islanders more disposable income. The basic personal income tax amount will be raised to $10,000 from $9,160, the small business tax rate will drop by another 0.5 per cent to 3 per cent, and the low income threshold...
Capital Budget investing in greater supports for Islanders
2019-11-15
Today, Premier Dennis King and Finance Minister Darlene Compton tabled government’s capital budget that will see $156 million of planned spending on critical infrastructure through 2020-21 supporting the livelihood of Islanders and communities across the province. “It is because of the ambition,...
Islanders continue to drive strong economy, provincial surplus
2019-10-31
A strong economy with high employment and good fiscal management have led to a $56.9 million surplus in the 2018-19 fiscal year for the Province of Prince Edward Island. “It is because of the strength of Islanders that we continue to experience a strong and healthy economy. It is important that we...
Bond ratings signal confidence in stability of minority government
2019-08-19
The strong economic performance and debt management practices of Islanders and the provincial government are reflected in recent bond ratings. For the first time since 2000, DBRS has upgraded the province’s bond rating from A(low) to A. As well, Moody’s maintained the province’s bond rating of...
Numbers show successful year for PEI
2019-07-18
The Annual Statistical Review, which provides a soci-economic analysis, shows that 2018 was another successful year for Prince Edward Island. “The Annual Statistical Review is an important reference document that provides up-to-date, accurate and impartial statistics on the province,” said Finance...
Responsive and responsible budget delivers on Islanders’ top priorities
2019-06-25
The provincial government has delivered a balanced budget that will invest in areas close to the hearts of Islanders. Finance Minister Darlene Compton presented the 2019-20 operating budget to the Legislative Assembly today. The budget is projecting a surplus of $1.8 million and invests in...
New investments through the Housing Action Plan
2019-03-14
Today the province announced more affordable housing initiatives, including new construction projects in Cornwall, Charlottetown and Souris. These latest initiatives continue to reflect the action items and priorities of the Housing Action Plan, ensuring that all Islanders have access to safe,...
Third Quarter forecast indicates $13.8M surplus
2019-03-13
The Third Quarter Forecast for 2018-19 indicates a surplus of $13.8 million, an improvement from the budgeted surplus of $1.5 million. “The province’s economy continues to thrive and it is no surprise that PEI is projected to lead the country when it comes to economic growth in 2019,” said Finance...
Province supports CMHA PEI housing initiatives
2019-03-12
Home Together - Affordable Housing for PEI, Today the province announced support for the Canadian Mental Health Association, PEI Division (CMHA PEI) to acquire a 30 unit residential apartment building in Charlottetown and maintain the units at an affordable level. Island Investment Development...
New affordable housing in Summerside
2019-03-07
Today the province announced an investment of $414,000 through the Housing Action Plan to stimulate the private development of nine new affordable units for seniors and families in Summerside. “This is another great example of the collaborative projects in the works to meet the diverse...