Prince Edward Island may be Canada's smallest province, but it has its own distinct tax regulations that affect your paycheck.
PEI Income Tax Brackets
PEI uses a progressive tax bracket system. Recently, the province has made efforts to increase the Basic Personal Amount to reduce taxes for residents. This calculator reflects the current year's Basic Personal Amount and tax rates.
Surtax
High-income earners in PEI may be subject to a surtax on provincial income tax payable above a certain amount. This works similarly to Ontario's system and is calculated automatically in your results.