This is income tax calculator for Prince Edward Island residents for year 2012-2019. Current tax rates in Prince Edward Island and federal tax rates are listed below and check.
IMPORTANT: This tax calculator is used for income tax estimation. Please use Intuit TurboTax if you want to fill your tax return and get tax rebate for previous year. It is free for simple tax returns or gives you 10% discount for more complicated tax returns.
Here is list of free tax return software to file your tax return.
Prince Edward Island income tax rates 2019
In 2019 PE basic personal amount, tax brackets and tax rates were the same as in 2019 tax year. Basic personal amount is $7,708.
|from $0 to $31,984||9.80%|
|from $31,985 to $63,969||13.80%|
Surtax rate is also the same as it was in 2018. It is 10% for the income tax greater then $12,500.
Federal income tax rates in Canada for 2019
In 2019 Canadian federal income tax brackets and base amount were increased by 2.2%.
Federal personal base amount is $12,069.
|0 – $47630||15.00%|
|$47,631 – $95,259||$5,334.15 + 20.50% for income over $47,630|
|$95,260 – $147,667||$15,098.10 + 26.00% for income over $95,259|
|$147,668 – $210,371||$28,724.18 + 29.00% for income over $147,667|
|over $210,372||$46,908.34 + 33.00% for income of $210,372 and over|
Historical Prince Edward Island tax brackets are listed here and historical federal tax brackets and rates can be found here.
In order to provide greater flexibility to Canadians during the coronavirus (COVID-19) outbreak, the Canada Revenue Agency (CRA) deferred the deadline for individuals to file income taxes and has been extended it from April 30, 2020 to June 1, 2020 giving people an extra month to file their returns to ...Read More
Canadian Revenue Agency (CRA) published list of certified Netfile software you need to file tax return for 2018 tax year ...Read More
Except Nova Scotia, Prince Edwards Island and Saskatchewan all other provinces and territories indexed their tax brackets and basic personal amounts by a calculated inflation factor ...Read More
All Canadian income tax calculators are updated for 2018 taxation year. Most provinces and all territories indexed their tax brackets and basic personal amount by federal or provincial inflation rate ...Read More
Except Nova Scotia and Prince Edwards Island all other provinces and territories indexed their tax brackets and basic personal amounts by a calculated inflation factor ...Read More