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PEI 2015 and 2014 Personal Tax Rates

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Atlantic Provinces -> Prince Edward Island
Tax Rates -> 2014 and 2015 Marginal Tax Rates -> Prince Edward Island

Prince Edward Island 2014 and 2015 Personal Marginal Income Tax Rates

The Prince Edward Island tax brackets and personal tax credits are not increased for inflation.  The Federal tax brackets and personal amount were increased for 2015 by an indexation factor of 1.017.  The indexation factor, bracket thresholds and personal amounts for 2015 have been confirmed to Canada Revenue Agency amounts.

Please read the article Understanding the Tables of Personal Income Tax Rates.

Prince Edward Island Personal Income Tax Brackets and Tax Rates Before Surtax

2015 Taxable Income 2015 Tax Rates 2014 Taxable Income 2014 Tax Rates
first $31,984 9.8% first $31,984 9.8%
over $31,984 up to $63,969 13.8% over $31,984 up to $63,969 13.8%
over $63,969 16.7% over $63,969 16.7%

Combined Federal & Prince Edward Island Tax Brackets and Tax Rates Including Surtax

2015 Taxable Income 2015 Marginal Tax Rates 2014 Taxable Income 2014 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible Non-Eligible Eligible Non-Eligible
first $31,984 24.80% 12.40% -0.99% 12.48% first $31,984 24.80% 12.40% -0.99% 12.48%
over $31,984 up to $44,701 28.80% 14.40% 4.53% 17.20% over $31,984 up to $43,953 28.80% 14.40% 4.53% 17.20%
over $44,701 up to $63,969 35.80% 17.90% 14.19% 25.46% over $43,953 up to $63,969 35.80% 17.90% 14.19% 25.46%
over $63,969 up to $89,401 38.70% 19.35% 18.19% 28.89% over $63,969 up to $87,907 38.70% 19.35% 18.19% 28.89%
over $89,401 up to $98,145 42.70% 21.35% 23.71% 33.61% over $87,907 up to $98,145 42.70% 21.35% 23.71% 33.61%
over $98,145 up to $138,586 44.37% 22.19% 24.56% 35.20% over $98,145 up to $136,270 44.37% 22.19% 24.56% 35.20%
over $138,586 47.37% 23.69% 28.70% 38.74% over $136,270 47.37% 23.69% 28.70% 38.74%

Marginal tax rate for dividends is a % of actual dividends received (not grossed-up amount).
Marginal tax rate for capital gains is a % of total capital gains (not taxable capital gains).
Gross-up rate for eligible dividends is 38%, and for non-eligible dividends is 18%.
For more information see Prince Edward Island dividend tax credits.

Prince Edward Island Surtaxes

2015 2014
Surtax rate (included in above rates) 10% Surtax rate (included in above rates) 10%
Surtax is on PE tax greater than $12,500 Surtax is on PE tax greater than $12,500
Person with only basic personal amount - surtax starts at taxable income of $98,145 Person with only basic personal amount - surtax starts at taxable income of $98,145

Prince Edward Island Basic Personal Amount

2015 Tax Rate 2014 Tax Rate
$7,708 9.8% $7,708 9.8%

Federal Basic Personal Amount

2015 Tax Rate 2014 Tax Rate
$11,327 15% $11,138 15%

 

Revised: September 20, 2017

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