Islanders have the opportunity to invest in economic development within their community. Approved CEDBs raise funds by issuing shares to people, and then invest those funds in local businesses. What is a Community Economic Development Business (CEDB)? A CEDB is a company or co...
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...
New changes to the Basic Personal Amount and Business Tax Credit will provide more tax relief to Islanders and Island businesses. In Budget 2018 the Basic amount was raised by an additional $500 bringing the total to $8,660. Now, government is again raising the amount by $500...
Effective July 1, changes to the general business tax rate and the small business tax threshold are expected to save Island businesses an estimated $9.3 million this fiscal year. Changes include decreasing the general tax rate for businesses from 16 per cent to 15 per cent and...
Today, the Province of Prince Edward Island announced additional investments to support essential workers, small businesses, and the fishing and aquaculture industries as the province moves into its renewal phase of the pandemic. This includes a wage top-up for certain essential...
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...
Changes to regulations under the Liquor Control Act will allow alcohol delivery service to continue permanently in Prince Edward Island to help support Island businesses. Agency liquor stores, micro-breweries, wineries, distilleries, ferment-on-premise establishments, and...
Today, Hon. Jill Burridge, Minister of Finance, presented the Government of Prince Edward Island’s 2025-26 operating budget to the legislative assembly, outlining over $3.5 billion in investments to support Island workers, strengthen our economy, and build a more secure future...