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Annual Statistical Review 2023
The 50th edition of the Annual Statistical Review gathered data from provincial government departments, the private sector and Statistics Canada to provide a socio-economic snapshot of Prince Edward Island in 2023.
PEI continued to lead Canada in economic growth in 2024
The 2024 Annual Statistical Review shows that Prince Edward Island had the fastest growing provincial economy in the country again last year, with real GDP increasing by 3.6 per cent. PEI has exceeded national growth in nine of the last 10 years. “Although our economy has...
Positive changes to corporate tax rate and small business tax threshold
Effective July 1, changes to the general business tax rate and the small business tax threshold are expected to save Island businesses an estimated $9.3 million this fiscal year. Changes include decreasing the general tax rate for businesses from 16 per cent to 15 per cent and...
Gasoline Tax Exemption - Marked Fuel Program
Under the Gasoline Tax Act and Regulations, persons involved in the following specified operations are eligible for a gasoline tax exemption under the Marked Fuel Program. Who is eligible? Persons who are engaged in the following operations are eligible for this program...