Information is available online to help businesses prepare for the change in the provincial Harmonized Sales Tax (HST) rate for Oct. 1, 2016. The combined federal and provincial HST rate will be 15 per cent. Transitional rules are required to determine which tax rate will apply...
The definition of a “new tire” was revised in June 1992. The revised definition of a "new tire” states that a tire is considered to be new until after its first purchase at a retail sale in the province.
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...
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
Prince Edward Island’s estimated budget surplus of $600,000 will nearly double, according to the latest projections. Finance Minister Allen Roach presented the fall fiscal update and second-quarter forecast (princeedwardisland.ca/en/information/finance/economic-and-fiscal-updates...