Prince Edward Island income tax calculator

This is income tax calculator for Prince Edward Island residents for year 2015, 2014, 2013 and 2012. 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.

All numbers are rounded off to the nearest integer.

Here is list of free tax return software to file your tax return.

Prince Edward Island income tax rates 2016

In 2016 PE basic personal amount, tax brackets and tax rates were the same as in 2015 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 2015. It is 10% for the income tax greater then $12,500.

Federal income tax rates in Canada for 2016

In 2016 Canadian federal income tax brackets and base amount were increased by ~1.3%.

Federal personal base amount is $11,474.

Taxable income Rate
0 – $45282 15.00%
$45283 – $90563 $5071.20 + 20.50% for income over $45282
$90564 – $140388 $14353.60 + 26.00% for income over $90563
$140389 – $200000 $27987.52 + 29.00% for income over $140388
over $200001 $45275.00 + 33.00% for income over $200001

Historical Prince Edward Island tax brackets are listed here and historical federal tax brackets and rates can be found here.

3 thoughts on “Prince Edward Island income tax calculator

  1. A simple Question …
    How come I have to pay $132.00 income tax on my small income of
    $12922.62 when I know their is individuals that receive 2 and 3 times
    that amount and pay no income !! I get 2 basic pensions .. the Old Age
    pension and Canada Pension ! Gee the province of PEI should be corrected
    on that situation! .. Ridiculous ..‼️ My opinion. Thank you for your time !

    1. Hi John,
      This is only estimated tax calculator. Consult your accountant if you want exact numbers. This calculator doesn’t take into account a lot of factors like age, family status and etc.

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