Prince Edward Island Tax Brackets and Personal Marginal Income Tax Rates 2020

The Prince Edward Island tax brackets and personal tax credits are not increased for inflation in 2020. The Federal tax brackets and personal amounts were increased for 2020 by an indexation factor of 1.019.

The Prince Edward Island Basic Personal Amount is increased to $10,000 in 2020.

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 $210,371.

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.

2020 Prince Edward Island Income Tax Rates

Prince Edward Island Personal Income Tax Brackets and Tax Rates
2020 Taxable incomePrince Edward Island Tax rate 2020
$0 - $31,9839.80%
$31,984 - $63,96813.80%
$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 incomePrince Edward Island Marginal Tax Rates 2020
$0 - $31,98324.80%
$31,984 - $48,53528.80%
$48,536 - $63,96834.30%
$63,969 - $97,06937.20%
$97,070 - $99,48942.70%
$99,490 - $150,47344.37%
$150,474 - $214,36847.37%
$214,369 -51.37%

Prince Edward Island Basic Personal Amount
2020Tax rate
$10,0009.80%

Federal Basic Personal Amount
2020Tax rate
$12,29815.00%

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2019 Prince Edward Island Income Tax Rates

Prince Edward Island Personal Income Tax Brackets and Tax Rates
2019 Taxable incomePrince Edward Island Tax rate 2019
$0 - $31,9839.80%
$31,984 - $63,96813.80%
$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 incomePrince Edward Island Marginal Tax Rates 2019
$0 - $31,98324.80%
$31,984 - $47,62928.80%
$47,630 - $63,96834.30%
$63,969 - $95,25837.20%
$95,259 - $98,99642.70%
$98,997 - $147,66644.37%
$147,667 - $210,37047.37%
$210,371 -51.37%

Prince Edward Island Basic Personal Amount
2019Tax rate
$9,1609.80%

Federal Basic Personal Amount
2019Tax rate
$12,06915.00%

2018 Prince Edward Island Income Tax Rates

Prince Edward Island Personal Income Tax Brackets and Tax Rates
2018 Taxable incomePrince Edward Island Tax rate 2018
$0 - $31,9849.80%
$31,985 - $63,96913.80%
$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 incomePrince Edward Island Marginal Tax Rates 2018
$0 - $31,98424.80%
$31,985 - $46,60528.80%
$46,606 - $63,96934.30%
$63,970 - $93,20837.20%
$93,209 - $98,31542.70%
$98,316 - $144,48944.37%
$144,490 - $205,84247.37%
$205,843 -51.37%

Prince Edward Island Basic Personal Amount
2018Tax rate
$8,1609.80%

Federal Basic Personal Amount
2018Tax rate
$11,81015.00%

2017 Prince Edward Island Income Tax Rates

Prince Edward Island Personal Income Tax Brackets and Tax Rates
2017 Taxable incomePrince Edward Island Tax rate 2017
$0 - $31,9849.80%
$31,985 - $63,96913.80%
$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 incomePrince Edward Island Marginal Tax Rates 2017
$0 - $31,98424.80%
$31,985 - $45,91628.80%
$45,917 - $63,96934.30%
$63,970 - $91,83137.20%
$91,832 - $98,31542.70%
$98,316 - $142,35344.37%
$142,354 - $202,80047.37%
$202,801 -51.37%

Prince Edward Island Basic Personal Amount
2017Tax rate
$7,7089.80%

Federal Basic Personal Amount
2017Tax rate
$11,63515.00%

2016 Prince Edward Island Income Tax Rates

Prince Edward Island Personal Income Tax Brackets and Tax Rates
2016 Taxable incomePrince Edward Island Tax rate 2016
$0 - $31,9849.80%
$31,985 - $63,96913.80%
$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 incomePrince Edward Island Marginal Tax Rates 2016
$0 - $31,98424.80%
$31,985 - $45,28228.80%
$45,283 - $63,96934.30%
$63,970 - $90,56337.20%
$90,564 - $98,31542.70%
$98,316 - $140,38844.37%
$140,389 - $200,00047.37%
$200,001 -51.37%

Prince Edward Island Basic Personal Amount
2016Tax rate
$7,7089.80%

Federal Basic Personal Amount
2016Tax rate
$11,47415.00%

2015 Prince Edward Island Income Tax Rates

Prince Edward Island Personal Income Tax Brackets and Tax Rates
2015 Taxable incomePrince Edward Island Tax rate 2015
$0 - $31,9849.80%
$31,985 - $63,96913.80%
$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 incomePrince Edward Island Marginal Tax Rates 2015
$0 - $31,98424.80%
$31,985 - $44,70128.80%
$44,702 - $63,96935.80%
$63,970 - $89,40138.70%
$89,402 - $98,14442.70%
$98,145 - $138,58644.37%
$138,587 -47.37%

Prince Edward Island Basic Personal Amount
2015Tax rate
$7,7089.80%

Federal Basic Personal Amount
2015Tax rate
$11,32715.00%