Prince Edward Island -> Tax Rates -> 2016 & 2017 Marginal Tax Rates -> Prince Edward Island 2016 & 2017 Income Tax Rates
Prince Edward Island 2016 and 2017 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 2017 by an indexation factor of 1.014. The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information. The PEI 2017 Budget announced that the Basic Personal Amount would be increased by 2% for 2017. The increased amount is shown below.
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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| 2017 Taxable Income | 2017 Tax Rates | 2016 Taxable Income | 2016 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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| 2017 Taxable Income | 2017 Marginal Tax Rates | 2016 Taxable Income | 2016 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% | 13.14% | first $31,984 | 24.80% | 12.40% | -0.99% | 13.14% |
| over $31,984 up to $45,916 | 28.80% | 14.40% | 4.53% | 17.82% | over $31,984 up to $45,282 | 28.80% | 14.40% | 4.53% | 17.82% |
| over $45,916 up to $63,969 | 34.30% | 17.15% | 12.12% | 24.25% | over $45,282 up to $63,969 | 34.30% | 17.15% | 12.12% | 24.25% |
| over $63,969 up to $91,831 | 37.20% | 18.60% | 16.12% | 27.64% | over $63,969 up to $90,563 | 37.20% | 18.60% | 16.12% | 27.64% |
| over $91,831 up to $98,410 | 42.70% | 21.35% | 23.71% | 34.08% | over $90,563 up to $98,316 | 42.70% | 21.35% | 23.71% | 34.08% |
| over $98,410 up to $142,353 | 44.37% | 22.19% | 24.56% | 35.68% | over $98,316 up to $140,388 | 44.37% | 22.19% | 24.56% | 35.68% |
| over $142,353 up to $202,800 | 47.37% | 23.69% | 28.70% | 39.19% | over $140,388 up to $200,000 | 47.37% | 23.69% | 28.70% | 39.19% |
| over $202,800 | 51.37% | 25.69% | 34.22% | 43.87% | over $200,000 | 51.37% | 25.69% | 34.22% | 43.87% |
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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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| 2017 | 2016 | ||||||||
| 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 | $98,316 | ||||||
The surtax is calculated based on the net tax payable after deducting personal tax credits. |
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Prince Edward Island Basic Personal Amount |
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| 2017 Personal Amount | 2017 Tax Rate | 2016 Personal Amount | 2016 Tax Rate | ||||||
| $8,160 | 9.8% | $8,000 | 9.8% | ||||||
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Federal Basic Personal Amount |
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| 2017 Personal Amount | 2017 Tax Rate | 2016 Personal Amount | 2016 Tax Rate | ||||||
| $11,635 | 15% | $11,474 | 15% | ||||||
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Revised: October 26, 2023