The International Fuel Tax Agreement (IFTA) is a base jurisdiction fuel tax agreement. Upon application, the carrier's base jurisdiction will issue credentials which will allow the IFTA licensee to travel in all IFTA member jurisdictions.
Under the Canada-Prince Edward Island Comprehensive Integrated Tax Coordination Agreement (CITCA), PEI has agreed that, effective April 1, 2013, all PEI government departments, agencies, boards, commissions and Crown corporations will pay HST on their purchases of taxable prop
Today, Minister of Finance Darlene Compton announced that the Province will support the harness racing industry by paying for testing for the presence of Streptococcal Equi (Strangles) in standardbred racehorses. An Advisory Committee comprised of representatives from the...
The 50th Annual Statistical Review shows that PEI still has the fastest growing economy among provinces, second only to the territory of Nunavut, despite economic expansion slowing for the second consecutive year. “We are marking 50 years of reporting to Islanders what they need...
The 2024 Annual Statistical Review shows that Prince Edward Island had the fastest growing provincial economy in the country again last year, with real GDP increasing by 3.6 per cent. PEI has exceeded national growth in nine of the last 10 years. “Although our economy has...
The numbers show that 2017 was a record year for Prince Edward Island, showcasing the Island’s population, social makeup, and economy. The 44th Annual Statistical Review gathers data from provincial government departments, the private sector, and Statistics Canada to provide a...
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...
Prince Edward Island Finance Minister Allen Roach issued the following statement following yesterday’s meeting of federal, provincial, and territorial finance ministers in Vancouver: “We all agree that Canadians today need to save more for retirement. Improving Canada’s...
Tobacco tax is added to the cost of tobacco products purchased in PEI, including cigarettes, cigars, tobacco sticks and fine-cut tobacco. Retailers pay the tax to the manufacturer or wholesaler and are reimbursed when they collect the tax from the consumer. All tobacco...
Further opportunities, in the form of a virtual town hall and a public Facebook Live event, have been announced that will provide more opportunities for Islanders to submit their ideas and feedback on the upcoming budget. All pre-budget consultations will be virtual this year and...