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...
The Environment tax is applied to any new tires sold in PEI, including spare-use tires. The PEI auto dealer or tire retailer will add the tax to the tires when you purchase a new vehicle, a used vehicle outfitted with new tires, or new tires for a vehicle you currently own or...
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...
Islanders are reminded that beginning this week, inflationary support payments stemming from the $58 million investment announced by the Province in October 2022 will be distributed to qualified individuals. The January 2023 Inflationary Support Payment is a provincially funded...
Today, the Government of PEI released all three volumes of Public Accounts which include the audited financial results for government from the 2022-2023 fiscal year and report a surplus of $14.4 million. Public Accounts is an annual financial summary and accountability report of...
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.
Prince Edward Island is actively participating in international efforts to combat climate change. The Province’s five-year Climate Change Action Plan provides a framework for both adapting to climate changes and to reducing greenhouse gas emissions. These efforts include working...
Today, government released the fiscal and economic update that outlines the financial state of the province and the economic outlook for 2024. The economic and fiscal update is an annual reflection provided after second quarter outlining what the provincial government expects its...
This publication is the Annual Report for the Department of Finance for the fiscal year ending March 31, 2022.