Prince Edward Island

New for Prince Edward Island in 2022

Form PE428, Prince Edward Island Tax and Credits, is used to calculate your provincial tax.

Prince Edward Island tax and credits (PE428)

Tax rates for 2022

• 9.8% on the portion of your taxable income that is $31,984 or less, plus
• 13.8% on the portion of your taxable income that is more than $31,984 but not more than $63,969, plus
• 16.7% on the portion of your taxable income that is more than $63,969

Prince Edward Island tax

The following taxes are included in the calculation of your Prince Edward Island tax:

• Additional tax for minimum tax purposes
• Prince Edward Island surtax
• Tax on split income

Non-refundable tax credits and reductions

Prince Edward Island offers the following tax credits and reductions to reduce your amount of provincial tax payable:

• Age amount
• Allowable amount of medical expenses for other dependants
• Amount for an eligible dependant
• Amount for infirm dependants age 18 or older
• Amount for young children
• Amounts transferred from your spouse or common-law partner
• Basic personal amount
• CPP or QPP contributions on self-employment income and other earnings
• CPP or QPP contributions through employment income
• Caregiver amount
• Children's wellness tax credit
• Disability amount for self
• Disability amount transferred from a dependant
• Dividend tax credit
• Donations and gifts
• Employment insurance premiums on self-employment and other eligible earnings
• Employment insurance premiums through employment
• Equity tax credit
• Interest paid on your student loans
• Low-income tax reduction
• Medical expenses for self, spouse or common-law partner, and your dependent children born in 2005 or later
• Minimum tax carryover
• Pension income amount
• Political contribution tax credit
• Provincial foreign tax credit
• Spouse or common-law partner amount
• Teacher school supply amount
• Tuition and education amounts transferred from a child or grandchild
• Your tuition and education amounts

Refundable tax credit

Prince Edward Island offers the following refundable tax credit:

• Prince Edward Island volunteer firefighter and volunteer search and rescue personnel tax credit

For more information

If you have questions about your income tax return, go to Personal income tax or call 1-800-959-8281.

To get forms, go to Forms and publications.

Forms and publications

• Income Tax Package – Prince Edward Island
• Form T691, Alternative Minimum Tax
• Form T1206, Tax on Split Income
• Form T2036, Provincial or Territorial Foreign Tax Credit
• Form T2203, Provincial and Territorial Taxes for Multiple Jurisdictions

Related topics

• Prince Edward Island sales tax credit

Provincial and territorial government partners

• Government of Prince Edward Island