A number of tax changes announced within the 2020-2021 Operating Budget will leave more money in the hands of Islanders and businesses now when they need it most. The changes include the increase of the Low-Income Reduction Threshold from $18,000 to $19,000, the increase in the...
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...
Supporting Island families - Islanders will pay less in taxes this year due to decreases in taxes on gas and diesel. As of midnight, December 31, tax on gas is reduced by 3.42 cents per litre, with a 4.37 cents per litre reduction on diesel tax. “Islanders are working hard and...
Calculate the tobacco tax owing on tobacco inventory on-hand at the close of business on May 6, 2022. If no tax is due, the form must be submitted as a NIL return.
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...
The provincial government will again deliver a balanced budget while continuing to invest in frontline services like healthcare, education and families. Finance Minister Heath MacDonald presented the 2018-19 operating budget to the Legislative Assembly today. The budget is...
Today, Finance Minister Darlene Compton provided the fall economic and fiscal update, which outlines for Islanders the province’s current economic position as it enters the new normal phase of living with COVID-19. Prince Edward Island experienced growth in the first quarter of...
Budget Address delivered by Hon. Heath MacDonald, Minister of Finance to the Legislative Assembly of Prince Edward Island.
This publication is the Annual Report for the Department of Finance for the fiscal year ending March 31, 2021.