PEI Income Tax Calculator 2022 & 2023.

This Page Was Last Updated: April 14, 2023
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Estimate your 2022 & 2023 total income taxeswith only a few details about your income
Tax Year
Your Employment Status
Employment Income
Other Income
Capital Gains
RRSP Contributions
Additional Deductions
Eligible Dividends
Ineligible Dividends
Total Taxable Income
Total Deductions
Total Income

Total Tax
Income Tax
EI Premiums
CPP Contribution

After Tax Income
Average Tax Rate
Marginal Tax Rate

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%
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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
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.