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...
Island property owners are reminded that the final PEI property tax payment for 2025 is due Nov. 30, and there are several payment options available during the current Canada Post labour disruption. Property owners can pay using any of the following methods: Drop off a cheque or...
The 2025 Prince Edward Island property tax notices have been mailed and should reach property owners within the next few days. The first payment is due May 31. Property owners are asked to do three things when they receive their notice: Mark payment dates on their calendar to...
To support Island property owners during the on-going postal strike, the Government of Prince Edward Island has several options available for those who may have outstanding property tax balances. Those who need to check their property tax balance can do so online at Property Tax...
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 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...
More Island seniors are now eligible for the Seniors Property Tax Deferral Program due to an increase in the income threshold. The program lowers the cost of living for qualifying seniors by deferring the payment of property taxes on their principal residence. The provincial...
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...
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...
An interest relief program for PEI tourism operators has been modified to help mitigate the effects of the ongoing COVID-19 pandemic. The Tourism Interest Relief Program will now be expanded to include reimbursements on interest payable for property tax bills until December 31...