When Erin McGrath-Gaudet joined the Canadian Federation of Independent Business (CFIB) in 2007, Prince Edward Island had a budget deficit while other provinces were enjoying surpluses. Now the Island has posted its third-straight surplus budget – and boasts impressive growth in...
If you are interested in a newcomer investing in your business and becoming a partial owner through the Provincial Nominee Program, you must submit an application to our office to assess eligibility. You must be willing to sell at least 33 1/3% of the equity of your business to...
Creating jobs for Islanders - Prince Edward Island’s minimum wage will remain the highest in Atlantic Canada when it increases by 30 cents to $11.55 per hour on April 1, 2018. “Given Prince Edward Island’s economic growth, it is very important that all Islanders benefit from...
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...
Prince Edward Island businesses travelled to China recently to continue their export growth efforts in the agriculture and seafood markets. Islanders participated in an international seafood expo and met with Chinese business owners to discuss partnership opportunities. “China is...
Business Plan for PEI Department of Health and Wellness 2012-13 to 2013-14.
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...
The Economic Update is an annual report that examines key performance indicators of the Island economy like exports, consumer prices, primary industries, labour force, population and construction.
Prince Edward Island Budget 2017 background notes on the economy