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Prince Edward Island Tax Brackets | PE Income Tax Rates

Both the federal and Prince Edward Island government have imposed income taxes on individuals and the federal government charges the bulk of income taxes with the province charging a somewhat lower percentage. Income tax brackets throughout Canada are progressive with the high income residents paying a higher percentage than the low income residents.

Prince Edward Island Tax Brackets 2014 | PE Income Tax Rates – Federal Income Tax Rates are not included:
Prince Edward Island Income Tax Brackets & Rates
Income Tax Brackets Income Tax Rates
Up to $31,984 9.80%
$31,985 to $63,969 13.8%
$63,970 and Over 16.70%
Listed below are the sample of the combined Prince Edward Island and federal personal income tax rate brackets for the Year 2014:
PE Income Tax Brackets Combined Federal and Provincial Tax Rates
Taxable Income Tax Brackets & Rates
Up to $43,561 25%
$43,562 to $87,123 35%
$87,124 to $135,054 43%
$135,055 and Over 45.7%

These combined federal and provincial income tax brackets and rates give you a basic idea about how much tax you should pay and they are not guaranteed to be accurate. These For informational purposes only!

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