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Prince Edward Island Personal Tax Rates

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Atlantic Provinces   ->   Prince Edward Island
Tax Rates   ->   Current Marginal Tax Rates -> Prince Edward Island

Prince Edward Island 2017 and 2018 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 are increased for 2018 by an indexation factor of 1.015.  The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.

The 2018 marginal tax rates for non-eligible dividends reflect the rates that are in effect automatically due to the change in the gross-up rate for 2018, as announced in the October 24, 2017 Fall Economic Statement.

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

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

2018 Taxable Income 2018 Tax Rates 2017 Taxable Income 2017 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

2018 Taxable Income 2018 Marginal Tax Rates 2017 Taxable Income 2017 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% 13.77% first $31,984 24.80% 12.40% -0.99% 13.14%
over $31,984 up to $46,605 28.80% 14.40% 4.53% 18.41% over $31,984 up to $45,916 28.80% 14.40% 4.53% 17.82%
over $46,605 up to $63,969 34.30% 17.15% 12.12% 24.79% over $45,916 up to $63,969 34.30% 17.15% 12.12% 24.25%
over $63,969 up to $93,208 37.20% 18.60% 16.12% 28.15% over $63,969 up to $91,831 37.20% 18.60% 16.12% 27.64%
over $93,208 up to $98,410 42.70% 21.35% 23.71% 34.53% over $91,831 up to $98,410 42.70% 21.35% 23.71% 34.08%
over $98,410 up to $144,489 44.37% 22.19% 24.56% 36.13% over $98,410 up to $142,353 44.37% 22.19% 24.56% 35.68%
over $144,489 up to $205,842 47.37% 23.69% 28.70% 39.61% over $142,353 up to $202,800 47.37% 23.69% 28.70% 39.19%
over $205,842 51.37% 25.69% 34.22% 44.25% over $202,800 51.37% 25.69% 34.22% 43.87%

Marginal tax rate for dividends is a % of actual dividends received (not grossed-up taxable 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 17% in 2017, and 16% in 2018.
For more information see Prince Edward Island dividend tax credits.

Prince Edward Island Surtaxes

2018 2017
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 $98,410 Person with only basic personal amount - surtax starts at taxable income of $98,410

The surtax is calculated based on the net tax payable after deducting personal tax credits.

Prince Edward Island Basic Personal Amount

2018 Personal Amount 2018 Tax Rate 2017 Personal Amount 2017 Tax Rate
$8,160 9.8% $8,160 9.8%

Federal Basic Personal Amount

2018 Personal Amount 2018 Tax Rate 2017 Personal Amount 2017 Tax Rate
$11,809 15% $11,635 15%

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Revised: November 22, 2017

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