The 2024 P.E.I. budget includes new supports for low-income families, bigger investments in health and relief on tax day for just about everyone.
- P.E.I.’s latest budget unveiled, with still no end in sight for deficits
- P.E.I. budget draws mixed reactions from business groups, advocates
Lower taxes
The province is lowering personal income taxes across the board, by raising the basic personal amount and lowering tax rates in most brackets for the 2025 tax year.
The one exception is for incomes over $140,000, where the rate will go up. There will also be some small adjustments to tax brackets.
