Erin McGrath-Gaudet says Prince Edward Island’s 2018-19 operating budget shows government is listening to small business. “A lot of business owners have spent years struggling,” said McGrath-Gaudet, the Canadian Federation of Independent Business (CFIB) director for PEI and...
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...
Transitional rules are required to determine which tax rate will apply to transactions that straddle the October 1 implementation date.
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.
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...
You can register to access the online business portal to file environment tax returns and pay the tax collected. Once you are registered, you will receive an email confirming your online access is activated. You will then be able to submit returns and make tax payments online. How do I register for online tax returns and payments? Complete all required fields to create your business profile. Select Next at the bottom of the registration screen. Enter a username and password. Confirm your password in the Confirm Password field. Enter a name in the Mother’s Maiden Name field for security. Select...
A number of tax changes will be coming into effect in the New Year that will give Islanders more disposable income. The basic personal income tax amount will be raised to $10,000 from $9,160, the small business tax rate will drop by another 0.5 per cent to 3 per cent, and the low...
Individuals or businesses who hold valid marked fuel permits, and who are eligible to purchase marked gasoline or marked diesel oil are listed in this database. To confirm if a customer is eligible to purchase marked gasoline or marked diesel oil, enter the permit number, or the...