CRA & Revenu Québec

Prince Edward Island Personal Income Tax Brackets, Tax Rates, & Credits

TurboTax Canada
TurboTax Canada
Posted: January 3, 2020
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Prince Edward Island is Canada’s smallest province, in both population and land size. Despite its small size, visitors flock from all over to enjoy its beautiful rolling hills, beaches, and charming island culture.

Prince Edward Island has a tax system similar to other Canadian provinces. Many of the provincial taxes and credits for residents of Prince Edward Island compliment similar credits at the federal level, but there are some unique credits for residents of Prince Edward Island.

Progressive Tax Rate Structure

As with most provinces, Prince Edward Island uses a progressive tax structure. The tax brackets may increase each year, based on inflation. Visit the CRA’s Prince Edward Island page for this year’s tax bracket rates.

Prince Edward Island’s Income Tax Rates for Tax Year 2019

  • 9.8% on the first $31,984
  • 13.8% the portion over $31,984 and no more than $63,969
  • 16.7% on the portion over $63,969

Prince Edward Island Provincial Tax Credits

  • Volunteer Firefighter Tax Credit: You can claim a $500 for volunteering as a firefighter. Learn more.

For more details on provincial Tax Credits, please click here.

For budget changes for 2020, please review this link.

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References & Resources:

Provincial tax brackets

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