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...
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...
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...
The province has extended the Rental Unit Property Tax Subsidy to help support landlords cover their increased costs without raising rents for Islanders. Since launching in January, 1,017 properties have been approved for the subsidy. “We do not want to see Islanders having to...
Today, Finance Minister Darlene Compton delivered the provincial economic and fiscal update and announced tax relief for Island property owners. At the end of 2019, Prince Edward Island’s economy was strong, outperforming the national average and leading the way in estimated GDP...
The Government of PEI is creating three new programs to support landlords during the 2023 rental freeze. The Province is launching a Rental Unit Property Tax Subsidy to provide relief of provincial property taxes payable in 2023 which would decrease landlord property tax costs...
The Province is launching a new pilot program with that offers 2% financing along with property tax rebates for the construction of new rental housing. The Housing Development Challenge Pilot Program will support private developers, non-profits, and community-based service...
Starting January 3, 2024, Island residents with an annual household income under $100,000 may be eligible for a free heat pump. Property value limits have also been removed so that even more Island households are eligible for the program. “With over 7,000 free heat pumps...
The first session of the Sixty-seventh General Assembly of Prince Edward Island opened today with the reading of the Speech from the Throne by Her Honour, Antoinette Perry, Lieutenant Governor of Prince Edward Island. The speech outlines that the re-elected King Government will...
Shovelling a path to her oil tank is something Jeannie Dixon says she won’t miss. “My oil tank is at the back of my house,” says the single mother, who lives with her three-year-old daughter in Charlottetown. “To not have to worry about clearing eight feet of snowbanks to get an...