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Tax changes mean more money for Islanders
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...
Islanders continue to drive strong economy, provincial surplus
A strong economy with high employment and good fiscal management have led to a $56.9 million surplus in the 2018-19 fiscal year for the Province of Prince Edward Island. “It is because of the strength of Islanders that we continue to experience a strong and healthy economy. It is...
2019 Budget Address
Hon. Darlene Compton, Minister of Finance delivered the budget address to the Legislative Assembly of PEI on June 25, 2019. Good afternoon. Bonjour. Gwe’. Mister Speaker, I am happy to rise today to present the annual operating budget for 2019-20 for the province of Prince Edward...
Islanders invited to pre-budget consultations
Islanders are invited to participate in pre-budget consultations taking place across Prince Edward Island next month. Finance Minister Heath MacDonald is holding consultations on the 2019-2020 Budget both online and at four public meetings. The consultations provide Islanders...
Third Quarter forecast indicates $13.8M surplus
The Third Quarter Forecast for 2018-19 indicates a surplus of $13.8 million, an improvement from the budgeted surplus of $1.5 million. “The province’s economy continues to thrive and it is no surprise that PEI is projected to lead the country when it comes to economic growth in...
Application for Marked Gasoline and/or Marked Diesel Oil Permit and Levy Exemption Permit and Status as a Bona Fide Farmer
Persons engaged in operations set out in the Gasoline Tax Act and regulations are eligible to receive a Marked Gasoline and Marked Diesel Oil Permit. Marked gasoline and marked diesel oil are sold exempt of gasoline tax. This form also includes the application for Bona Fide...