PEI Income Tax Calculator 2020 & 2021.

Income Tax Calculator

Estimate your 2020 & 2021 total income taxes with only a few details about your income

Tax Year
Your employment status
Employee
Employment Income Employment income and taxable benefits.
Other Income All other incomes such as rental income, interest, EI, and CPP.
Capital Gains Capital gains are the growth in value of investments.
Eligible DividendsAn qualified dividend is a taxable dividend paid by a Canadian public company, earned by a resident Canadian citizen.
Ineligible DividendsAn qualified dividend is a taxable dividend paid by a Canadian private company, earned by a resident Canadian citizen.

Results

Total Income
$ 50,000
Total Tax
$ 13,467.96
Income Tax
$ 10,236.71
EI Premiums
$ 790
CPP Contribution
$ 2,441.25
After-Tax Income
$ 36,532.04
Average Tax Rate
20.47%
Marginal Tax Rate
34.3%
Canada Federal and Prince Edward Island tax brackets 2020
Your taxable income places you in the following tax brackets.
Federal tax bracketFederal tax rates
Less than $13,229 0%
$13,230 to $48,53515%
$48,536 to $97,06920.5%
$97,070 to $150,47326%
$150,474 to $214,36829%
More than $214,369 33%
Prince Edward Island tax bracketPrince Edward Island tax rates
Less than $9,160 0%
$9,161 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.

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