On Wednesday during the legislative assembly, Government passed an amendment to the Real Property Tax Act that will roll back provincial residential property taxes to prevent a sharp rise in taxes in 2024. The amendment introduces an owner-occupied residential tax credit to net...
The Rental Unit Property Tax Subsidy has been created to help offset increasing costs for landlords associated with the 2023 rental freeze. The subsidy aims to provide relief on provincial property taxes payable in 2023 and decrease landlord property tax costs. This will allow...
The Government of Prince Edward Island is delivering a property tax initiative that will provide a one-time subsidy to offset the 2023 property tax increase and further support Islanders with the cost of living. Similar to the 2022 property tax initiative, the 2023 Property Tax...
The Harmonized Sales Tax (HST) consists of a provincial sales tax of 10 per cent and a federal goods and services tax of 5 per cent for a combined rate of 15 per cent. It is collected from consumers at the point of sale. Information related to supplies subject to HST in PEI...
Fuel wholesalers and sellers of certain fuel products in PEI must register as an agent to collect carbon levy on fuel sales. You need to apply for registration through Taxation and Property Records Division if you sell fuel in PEI as follows: Wholesale, licensed under IRAC...
This program provides a provincial tax credit on the non-commercial property assessment value to qualifying residents of Prince Edward Island.
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 publication is the Annual Report for the Department of Finance for the fiscal year ending March 31, 2022.
Delivered by The Honourable Jill Burridge Minister of Finance and Chair of Treasury Board At the First Session of the Sixty-seventh General Assembly of the Prince Edward Island Legislature May 25th, 2023 Good Afternoon. Bonjour. Kwe. Madam Speaker, Members of the Legislative...