Prince Edward Island Tax Brackets 2023

The Prince Edward Island tax brackets are not increased for inflation in 2023. The Federal tax brackets and personal amounts were increased for 2023 by an indexation factor of 1.063.

The Prince Edward Island Basic Personal Amount is increased to $12,000 in 2023.

There are 3 tax brackets in Prince Edward Island and 5 corresponding tax rates. The lowest rate is 9.80% and the highest rate is 16.70%. The highest provincial rate is applied above $63,970, however, the federal rate is increased further above this income level. The combined federal and provincial marginal tax rate is 51.37%, which is paid on the income above $235,676.

There are both refundable and non-refundable tax credits available, which can reduce the Prince Edward Island income tax you owe. For the full list of the available tax credits and amounts, visit the Prince Edward Island Department of Finance website.

2023 Prince Edward Island Income Tax Rates

Prince Edward Island Personal Income Tax Brackets and Tax Rates
2023 Taxable income	Prince Edward Island Tax rate 2023
$0 - $31,984	9.80%
$31,985 - $63,969	13.80%
$63,970 -	16.70%

Prince Edward Island Surtaxes
Surtax rate (included in above rates)	10%
Surtax is on PE tax greater than	$12,500
Person with only basic personal amount – surtax starts at taxable income of	$100,664
the surtax increases the 16.7% tax rate to 18.37% (16.7% x 1.10).

Combined Federal & Prince Edward Island Tax Brackets and Tax Rates
Taxable income	Prince Edward Island Marginal Tax Rates 2023
$0 - $31,984	24.80%
$31,985 - $53,359	28.80%
$53,360 - $63,969	34.30%
$63,970 - $100,663	37.20%
$100,664 - $106,717	38.87%
$106,718 - $165,430	44.37%
$165,431 - $235,675	47.69%
$235,676 -	51.37%

Prince Edward Island Basic Personal Amount
2023	Tax rate
$12,000	9.80%

Federal Basic Personal Amount
2023	Tax rate
$15,000	15.00%

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2022 Prince Edward Island Income Tax Rates

Prince Edward Island Personal Income Tax Brackets and Tax Rates
2022 Taxable income	Prince Edward Island Tax rate 2022
$0 - $31,984	9.80%
$31,985 - $63,969	13.80%
$63,970 -	16.70%

Prince Edward Island Surtaxes
Surtax rate (included in above rates)	10%
Surtax is on PE tax greater than	$12,500
Person with only basic personal amount – surtax starts at taxable income of	$100,223
the surtax increases the 16.7% tax rate to 18.37% (16.7% x 1.10).

Combined Federal & Prince Edward Island Tax Brackets and Tax Rates
Taxable income	Prince Edward Island Marginal Tax Rates 2022
$0 - $31,984	24.80%
$31,985 - $50,197	28.80%
$50,198 - $63,969	34.30%
$63,970 - $100,222	37.20%
$100,223 - $100,392	38.87%
$100,393 - $155,625	44.37%
$155,626 - $221,708	47.75%
$221,709 -	51.37%

Prince Edward Island Basic Personal Amount
2022	Tax rate
$11,250	9.80%

Federal Basic Personal Amount
2022	Tax rate
$14,398	15.00%

2021 Prince Edward Island Income Tax Rates

Prince Edward Island Personal Income Tax Brackets and Tax Rates
2021 Taxable income	Prince Edward Island Tax rate 2021
$0 - $31,983	9.80%
$31,984 - $63,968	13.80%
$63,969 -	16.70%

Prince Edward Island Surtaxes
Surtax rate (included in above rates)	10%
Surtax is on PE tax greater than	$12,500
Person with only basic personal amount – surtax starts at taxable income of	$99,490
the surtax increases the 16.7% tax rate to 18.37% (16.7% x 1.10).

Combined Federal & Prince Edward Island Tax Brackets and Tax Rates
Taxable income	Prince Edward Island Marginal Tax Rates 2021
$0 - $31,983	24.80%
$31,984 - $49,019	28.80%
$49,020 - $63,968	34.30%
$63,969 - $98,039	37.20%
$98,040 - $99,489	42.70%
$99,490 - $151,977	44.37%
$151,978 - $216,510	47.69%
$216,511 -	51.37%

Prince Edward Island Basic Personal Amount
2021	Tax rate
$10,500	9.80%

Federal Basic Personal Amount
2021	Tax rate
$12,421	15.00%

2020 Prince Edward Island Income Tax Rates

Prince Edward Island Personal Income Tax Brackets and Tax Rates
2020 Taxable income	Prince Edward Island Tax rate 2020
$0 - $31,983	9.80%
$31,984 - $63,968	13.80%
$63,969 -	16.70%

Prince Edward Island Surtaxes
Surtax rate (included in above rates)	10%
Surtax is on PE tax greater than	$12,500
Person with only basic personal amount – surtax starts at taxable income of	$99,490
the surtax increases the 16.7% tax rate to 18.37% (16.7% x 1.10).

Combined Federal & Prince Edward Island Tax Brackets and Tax Rates
Taxable income	Prince Edward Island Marginal Tax Rates 2020
$0 - $31,983	24.80%
$31,984 - $48,535	28.80%
$48,536 - $63,968	34.30%
$63,969 - $97,069	37.20%
$97,070 - $99,489	42.70%
$99,490 - $150,473	44.37%
$150,474 - $214,368	47.37%
$214,369 -	51.37%

Prince Edward Island Basic Personal Amount
2020	Tax rate
$10,000	9.80%

Federal Basic Personal Amount
2020	Tax rate
$12,298	15.00%

2019 Prince Edward Island Income Tax Rates

Prince Edward Island Personal Income Tax Brackets and Tax Rates
2019 Taxable income	Prince Edward Island Tax rate 2019
$0 - $31,983	9.80%
$31,984 - $63,968	13.80%
$63,969 -	16.70%

Prince Edward Island Surtaxes
Surtax rate (included in above rates)	10%
Surtax is on PE tax greater than	$12,500
Person with only basic personal amount – surtax starts at taxable income of	$98,997
the surtax increases the 16.7% tax rate to 18.37% (16.7% x 1.10).

Combined Federal & Prince Edward Island Tax Brackets and Tax Rates
Taxable income	Prince Edward Island Marginal Tax Rates 2019
$0 - $31,983	24.80%
$31,984 - $47,629	28.80%
$47,630 - $63,968	34.30%
$63,969 - $95,258	37.20%
$95,259 - $98,996	42.70%
$98,997 - $147,666	44.37%
$147,667 - $210,370	47.37%
$210,371 -	51.37%

Prince Edward Island Basic Personal Amount
2019	Tax rate
$9,160	9.80%

Federal Basic Personal Amount
2019	Tax rate
$12,069	15.00%

2018 Prince Edward Island Income Tax Rates

Prince Edward Island Personal Income Tax Brackets and Tax Rates
2018 Taxable income	Prince Edward Island Tax rate 2018
$0 - $31,984	9.80%
$31,985 - $63,969	13.80%
$63,970 -	16.70%

Prince Edward Island Surtaxes
Surtax rate (included in above rates)	10%
Surtax is on PE tax greater than	$12,500
Person with only basic personal amount – surtax starts at taxable income of	$98,316
the surtax increases the 16.7% tax rate to 18.37% (16.7% x 1.10).

Combined Federal & Prince Edward Island Tax Brackets and Tax Rates
Taxable income	Prince Edward Island Marginal Tax Rates 2018
$0 - $31,984	24.80%
$31,985 - $46,605	28.80%
$46,606 - $63,969	34.30%
$63,970 - $93,208	37.20%
$93,209 - $98,315	42.70%
$98,316 - $144,489	44.37%
$144,490 - $205,842	47.37%
$205,843 -	51.37%

Prince Edward Island Basic Personal Amount
2018	Tax rate
$8,160	9.80%

Federal Basic Personal Amount
2018	Tax rate
$11,810	15.00%

2017 Prince Edward Island Income Tax Rates

Prince Edward Island Personal Income Tax Brackets and Tax Rates
2017 Taxable income	Prince Edward Island Tax rate 2017
$0 - $31,984	9.80%
$31,985 - $63,969	13.80%
$63,970 -	16.70%

Prince Edward Island Surtaxes
Surtax rate (included in above rates)	10%
Surtax is on PE tax greater than	$12,500
Person with only basic personal amount – surtax starts at taxable income of	$98,316
the surtax increases the 16.7% tax rate to 18.37% (16.7% x 1.10).

Combined Federal & Prince Edward Island Tax Brackets and Tax Rates
Taxable income	Prince Edward Island Marginal Tax Rates 2017
$0 - $31,984	24.80%
$31,985 - $45,916	28.80%
$45,917 - $63,969	34.30%
$63,970 - $91,831	37.20%
$91,832 - $98,315	42.70%
$98,316 - $142,353	44.37%
$142,354 - $202,800	47.37%
$202,801 -	51.37%

Prince Edward Island Basic Personal Amount
2017	Tax rate
$7,708	9.80%

Federal Basic Personal Amount
2017	Tax rate
$11,635	15.00%

2016 Prince Edward Island Income Tax Rates

Prince Edward Island Personal Income Tax Brackets and Tax Rates
2016 Taxable income	Prince Edward Island Tax rate 2016
$0 - $31,984	9.80%
$31,985 - $63,969	13.80%
$63,970 -	16.70%

Prince Edward Island Surtaxes
Surtax rate (included in above rates)	10%
Surtax is on PE tax greater than	$12,500
Person with only basic personal amount – surtax starts at taxable income of	$98,316
the surtax increases the 16.7% tax rate to 18.37% (16.7% x 1.10).

Combined Federal & Prince Edward Island Tax Brackets and Tax Rates
Taxable income	Prince Edward Island Marginal Tax Rates 2016
$0 - $31,984	24.80%
$31,985 - $45,282	28.80%
$45,283 - $63,969	34.30%
$63,970 - $90,563	37.20%
$90,564 - $98,315	42.70%
$98,316 - $140,388	44.37%
$140,389 - $200,000	47.37%
$200,001 -	51.37%

Prince Edward Island Basic Personal Amount
2016	Tax rate
$7,708	9.80%

Federal Basic Personal Amount
2016	Tax rate
$11,474	15.00%

2015 Prince Edward Island Income Tax Rates

Prince Edward Island Personal Income Tax Brackets and Tax Rates
2015 Taxable income	Prince Edward Island Tax rate 2015
$0 - $31,984	9.80%
$31,985 - $63,969	13.80%
$63,970 -	16.70%

Prince Edward Island Surtaxes
Surtax rate (included in above rates)	10%
Surtax is on PE tax greater than	$12,500
Person with only basic personal amount – surtax starts at taxable income of	$98,145
the surtax increases the 16.7% tax rate to 18.37% (16.7% x 1.10).

Combined Federal & Prince Edward Island Tax Brackets and Tax Rates
Taxable income	Prince Edward Island Marginal Tax Rates 2015
$0 - $31,984	24.80%
$31,985 - $44,701	28.80%
$44,702 - $63,969	35.80%
$63,970 - $89,401	38.70%
$89,402 - $98,144	42.70%
$98,145 - $138,586	44.37%
$138,587 -	47.37%

Prince Edward Island Basic Personal Amount
2015	Tax rate
$7,708	9.80%

Federal Basic Personal Amount
2015	Tax rate
$11,327	15.00%

Prince Edward Island Tax Brackets and Personal Marginal Income Tax Rates 2023