« Home page, calculator and conversion
Calculate Sales tax US

Sales Tax States, to calculate sales tax of US States, city and zip code.


Income tax calculator for Prince Edward Island 2024

Calculate the total income taxes of the Prince Edward Island residents for 2024

Including the net tax (income after tax) and the percentage of tax. The period reference is from january 1st 2024 to december 31 2024. The new tax brackets has been changed in 2024.

If you are about to make your personal tax for 2023, which can be passed through April 30, 2024, use the 2023 Prince Edward Island income Tax Calculator.

This calculator include the non-refundable personal tax credit of (Basic Personal Amount).

% marginal taxAverage % of taxPayable taxNet income after tax

View other costs, annuities and insurance

Tax Breakdown

Federal tax

Marginal tax rate CanadaTaxation in CanadaAdditional amount for BPA increased (already subtracted from payable taxes)

Prince Edward Island tax

Marginal tax rate PEIPrince Edward Island tax

Employee (by an employer)

CPPEmployment Insurance benefits (EI)

Self-employed (sole proprietorship)

CPP (self-employed)Employment Insurance benefits (EI)

Total net income

After-tax income, annuities and insurance

Net income employeeNet income self-employed

Deadline for tax return

The deadline for your income tax return is April 30th of each year. The production date can be postponed to June 15th 2024 if you or your spouse / partner run a business. However, the tax balance must be paid no later than April 30th 2024.

Additional information about income tax in Prince Edward Island

The new income tax calculatortake into consideration the CPP, EI, RRSP for both employee and self-employed individual from Prince Edward Island, Canada.

Note that gross annual income is taken into account for the calculation of annuities, plans and insurance. You can also make a s CPP contribution calculation and without all tax numbers.

For other amounts, such as the RRSP contribution, tax credits and other deductions, changes will be made in the coming years.

Calculation of Prince Edward Island tax

The following explanation simplifies the calculation of the tax by displaying only the final result of the Net Income.

For an employee

Net Income = Taxable Income - Canadian Tax - Prince Edward Island Tax - PEI surtax - CPP - EI

For self-employed workers

The same calculation must be made for the self-employed worker. Individuals are resident in the CPP. The self-employed must pay more than an employee.

Tax figures for 2024

Each province has its own rates and tax brackets.

The tax threshold for the basic personal credit or amount is the portion of the wage that is entitled to a tax rate of 0%. This amount is considered a non-refundable tax credit.

Table of amounts and thresholds 2024

For the Provincial, Prince Edward Island

Amount type or threshold Amount
Basic Personal MBP Amount or Credits $ 13 500
Prince Edward Island tax threshold (provincial) $ 13 500

For the federal government, Canada

The federal threshold is the same as the BPA at $ 14 156, however an additional threshold has been implemented by the federal government for 2019 and subsequent years.

Amount type or threshold Amount
BPA for individual (marginal tax rate >=33% ) $ 14 156
BPA for individual increased (marginal tax rate <=29%)$ 15 705

Tax table

Our Prince Edward Island tax bracket table is shown as the way we use it in our calculator with deduction of the "Basic Personal MBP Amount".

Table of provincial tax brackets rates in Prince Edward Island for 2024

Gross taxable income brackets Prince Edward Island Marginal tax rates
13 500$ or less0%
13 500$ to 32 656$9.65%
32 656.01$ to 64 313$13.63%
64 313.01$ to 105 000$16.63%
105 000.01$ to 140 000$18.00%
140 000.01$ or more18.75%

For more information about Prince Edward Island and Canada tax rates brackets, visit the CRA Canada website .

Table of federal tax brackets and rates for 2024

Taxable Gross Tax RatesMarginal Tax Rates
14 156$ (up to 15 705) $ or less0%
14 156$ to 55 867$15%
55 867,01$ to 111 733$20.50%
111 733,01$ to 173 205$26%
173 205,01$ to 246 752$29%
246 752,01$ or more33%


Canada sales tax



2014 to 2022










Coronavirus COVID-19

GST/HST remittance calculator

Carbon tax rebate

United Kingdom (UK) sales tax

France VAT

Australia GST

Income taxes in Canada

Tax calculators

Alberta (AB)
British Columbia (BC)
Nova Scotia (NS)
Prince Edward Island (PEI)

RRSP, TSFA annuities and insurance

Employment insurance
OAS, GIS, Allowances
Basic personal amount
2012 to 2022

Tax calculators

RRSP, annuities and insurance

Paypal Fees and commission

Salary and Work

Gross to net income (salary)


Minimum wage annual salary



Math calculator

Other calculator

By continuing your navigation on Calcul Conversion or by clicking on the close button you accept the use of cookies. x