PEI Income Tax Calculator 2022 & 2023.

This Page Was Last Updated: January 18, 2023
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PEI
Estimate your 2022 & 2023 total income taxeswith only a few details about your income
Inputs
Tax Year
Your Employment Status
Employment Income
Other Income
Capital Gains
RRSP Contributions
Additional Deductions
Eligible Dividends
Ineligible Dividends
Results
Total Taxable Income
$50,000
Total Deductions
$0
Total Income
$50,000

Total Tax
$13,349.89
Income Tax
$9,768.14
EI Premiums
$815
CPP Contribution
$2,766.75

After Tax Income
$36,650.11
Average Tax Rate
19.54%
Marginal Tax Rate
28.8%

Canada Federal and Prince Edward Tax Brackets 2023
Your taxable income places you in the following tax brackets.
Federal tax bracketFederal tax rates
Less than $15,000 0%
$15,001 to $53,35915%
$53,360 to $106,71720.5%
$106,718 to $165,43026%
$165,431 to $235,67629%
More than $235,676 33%
Prince Edward tax bracketPrince Edward tax rates
Less than $11,250 0%
$11,251 to $31,9849.8%
$31,985 to $63,96913.8%
More than $63,970 16.7%

PEI Income Tax Brackets Changes

Income thresholds in PEI will not be increasing for the 2021 tax year.

PEI's basic personal amount will be increasing from $10,000 in 2020 to $10,500 in 2021.

PEI Personal Amounts 2021

20202021
Basic Personal Amount$10,000$10,500
Spouse/Common-Law Partner$8,493$8,493
Eligible Dependant$8,493$8,493

Prince Edward Island Surtax

PEI's surtax is an additional tax on the amount of net tax payable.

PEI Surtax 2021

Provincial Tax PayableSurtax
Less than $12,500$0
More than $12,50010% of provincial tax payable over $12,500

PEI Volunteer Firefighter Tax Credit

You may claim this tax credit if you were a volunteer firefighter and a resident of Prince Edward Island. This tax credit provides a refundable tax credit of $500.

PEI Young Child Tax Credit

If you have a dependent child who is younger than six years old, you can claim $100 per month. If you have a spouse/common-law partner, only the lower-income partner can claim this tax credit.