Prince Edward Island Income Tax Calculator 2024
Calculate your exact take-home pay after federal and Prince Edward Island provincial tax, CPP contributions, and EI premiums for the 2024 tax year.
| Gross income | $85,000 |
| Federal income tax | –$11,133 |
| Prince Edward Island provincial tax | –$8,818 |
| CPP contributions | –$3,868 |
| EI premiums | –$1,049 |
| Take-home pay | $60,132 |
Prince Edward Island Tax Facts
- →PEI's basic personal amount for 2024 is $12,000.
- →Prince Edward Island is Canada's smallest province by area and population.
- →PEI's economy is largely driven by tourism, agriculture, and aerospace.
- →Charlottetown is one of Canada's most affordable capital cities.
Prince Edward Island Income Tax FAQ
What is the Prince Edward Island provincial tax rate for 2024?
Prince Edward Island's provincial tax starts at 9.6% on income above the basic personal amount of $12,000. The top rate is 18.70%. These rates are applied on top of federal income tax.
How much income tax will I pay in Prince Edward Island?
Your total tax in Prince Edward Island combines federal tax (15%–33%) and Prince Edward Island provincial tax (9.6%–18.7%), plus CPP (5.95%) and EI (1.66%) contributions. Use the calculator above for your exact take-home pay.
What is the basic personal amount in Prince Edward Island for 2024?
The Prince Edward Island basic personal amount for 2024 is $12,000. This means the first $12,000 of income is effectively tax-free at the provincial level. The federal basic personal amount is $15,705.
How do I calculate my take-home pay in Prince Edward Island?
To calculate take-home pay in Prince Edward Island: start with your gross income, subtract federal income tax, subtract Prince Edward Island provincial tax, subtract CPP contributions (5.95% up to $68,500), and subtract EI premiums (1.66% up to $63,200). The calculator above does all of this automatically.