Prince Edward Island corporate income taxes are administered and collected by the federal government through Canada Revenue Agency on behalf of the province. PEI’s corporate income tax rates and small business threshold are set by the Government of PEI and applied to federally...
Prince Edward Island’s estimated budget surplus of $600,000 will nearly double, according to the latest projections. Finance Minister Allen Roach presented the fall fiscal update and second-quarter forecast (princeedwardisland.ca/en/information/finance/economic-and-fiscal-updates...
Transitional rules are required to determine which tax rate will apply to transactions that straddle the October 1 implementation date.
Today, Premier Dennis King and Finance Minister Darlene Compton presented the 2020-21 provincial budget which outlines $2.2 billion in planned investments in Islanders, environment, business and primary sectors. “As challenging as the past few months have been, we have an...
Today, the Government of PEI released all three volumes of Public Accounts which include the audited financial results for government from the 2021-2022 fiscal year and report a surplus of $83.8 million. Public Accounts is an annual financial summary and accountability report of...
Islanders are invited to participate in pre-budget consultations taking place in the coming weeks to share their ideas and priorities that will help create the upcoming budget for the province. Minister of Finance, Darlene Compton will hold consultations on the 2020-21 Budget...
With graduation approaching and new federal cannabis legislation coming into effect sometime this year, we sat down with veteran Bluefield High School counselor Jennifer Gillan to get some tips on how parents can talk to their kids about drugs and alcohol. Why is it important...
This publication is the Annual Report for the Department of Finance for the fiscal year ending March 31, 2021.