Here is a list of historical tax brackets and tax rates for Prince Edward Island. Use Prince Edward Island tax calculator to check how much taxes you need to pay.
Income tax rates for 2023
In 2023 PEI tax rates and brackets were the same as in 2022 tax year. Basic personal amount was increased to $12,750.
| Taxable income | Rate |
|---|---|
| from $0 to $31,984 | 9.80% |
| from $31,985 to $63,969 | 13.80% |
| over $63,969 | 16.70% |
Income tax rates for 2022
In 2022 PEI tax rates and brackets were the same as in 2021 tax year. Basic personal amount was increased to $11,250.
| Taxable income | Rate |
|---|---|
| from $0 to $31,984 | 9.80% |
| from $31,985 to $63,969 | 13.80% |
| over $63,969 | 16.70% |
Income tax rates for 2021
In 2021 PEI tax rates and brackets were the same as in 2020 tax year. Basic personal amount was increased to $10,500.
| Taxable income | Rate |
|---|---|
| from $0 to $31,984 | 9.80% |
| from $31,985 to $63,969 | 13.80% |
| over $63,969 | 16.70% |
Income tax rates for 2020
In 2020 PEI tax rates and brackets were the same as in 2019 tax year. Basic personal amount was increased to $10,000.
| Taxable income | Rate |
|---|---|
| from $0 to $31,984 | 9.80% |
| from $31,985 to $63,969 | 13.80% |
| over $63,969 | 16.70% |
Income tax rates for 2019
In 2019 PE basic personal amount, tax brackets and tax rates were the same as in 2018 tax year. Basic personal amount is $9,160.
| Taxable income | Rate |
|---|---|
| from $0 to $31,984 | 9.80% |
| from $31,985 to $63,969 | 13.80% |
| over $63,969 | 16.70% |
Surtax rate is also the same as it was in 2017. It is 10% for the income tax greater then $12,500.
Income tax rates for 2018
In 2018 PE basic personal amount, tax brackets and tax rates were the same as in 2017 tax year. Basic personal amount is $9,160.
| Taxable income | Rate |
|---|---|
| from $0 to $31,984 | 9.80% |
| from $31,985 to $63,969 | 13.80% |
| over $63,969 | 16.70% |
Surtax rate is also the same as it was in 2017. It is 10% for the income tax greater then $12,500.
Income tax rates for 2017
In 2017 PE basic personal amount, tax brackets and tax rates were the same as in 2016 tax year. Basic personal amount is $8,160.
| Taxable income | Rate |
|---|---|
| 0 to $31,984 | 9.80% |
| $31,984.01 to $63,969 | 13.80% |
| over $63,969 | 16.70% |
Surtax rate is also the same as it was in 2016. It is 10% for the income tax greater then $12,500.
Income tax rates for 2016
In 2016 PE basic personal amount, tax brackets and tax rates were the same as in 2015 tax year. Basic personal amount is $8,000.
| Taxable income | Rate |
|---|---|
| 0 to $31,984 | 9.80% |
| $31,984.01 to $63,969 | 13.80% |
| over $63,969 | 16.70% |
Surtax rate is also the same as it was in 2015. It is 10% for the income tax greater then $12,500.
Income tax rates for 2015
In 2015 PE basic personal amount, tax brackets and tax rates were the same as in 2014 tax year. Basic personal amount is $7,708.
| Taxable income | Rate |
|---|---|
| 0 to $31,984 | 9.80% |
| $31,984.01 to $63,969 | 13.80% |
| over $63,969 | 16.70% |
Surtax rate is also the same as it was in 2014. It is 10% for the income tax greater then $12,500.
Income tax rates for 2014
In 2014 PE basic personal amount, tax brackets and tax rates were the same as in 2013 tax year. Basic personal amount is $7,708.
| Taxable income | Rate |
|---|---|
| 0 to $31,984 | 9.80% |
| $31,984.01 to $63,969 | 13.80% |
| over $63,969 | 16.70% |
Surtax rate is also the same as it was in 2013. It is 10% for the income tax greater then $12,500.
Income tax rates for 2013
In 2013 Prince Edward Island basic personal amount, tax brackets and tax rates were the same as in previous tax year. Basic personal amount is $7,708 for 2013.
| Taxable income | Rate |
|---|---|
| 0 to $31,984 | 9.80% |
| $31,984.01 to $63,969 | 13.80% |
| over $63,969 | 16.70% |
Surtax rate is the same for 2013 as it was in previous year. It is 10% for the income tax greater then $12,500.
Income tax rates for 2012
Basic personal amount for 2012 in Prince Edward Island was $7,708.
| Taxable income | Rate |
|---|---|
| 0 to $31,984 | 9.80% |
| $31,984.01 to $63,969 | 13.80% |
| over $63,969 | 16.70% |
Like in Ontario PE also has surtax. For 2012 the rate is 10% for the income tax greater then $12,500. The person must have income above $98,145 to be charged surtax.