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
|Basic Personal Amount||$10,000||$10,500|
Prince Edward Island Surtax
PEI's surtax is an additional tax on the amount of net tax payable.
PEI Surtax 2021
|Provincial Tax Payable||Surtax|
|Less than $12,500||$0|
|More than $12,500||10% 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.