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 |
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| 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 |
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| 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% |
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Marginal tax rate for dividends is a % of actual
dividends received (not grossed-up amount). |
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Prince Edward Island Surtaxes |
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| 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 | ||||||
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Prince Edward Island Basic Personal Amount |
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| 2015 | Tax Rate | 2014 | Tax Rate | ||||||
| $7,708 | 9.8% | $7,708 | 9.8% | ||||||
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Federal Basic Personal Amount |
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| 2015 | Tax Rate | 2014 | Tax Rate | ||||||
| $11,327 | 15% | $11,138 | 15% | ||||||
Revised: October 26, 2023