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Affordability

Tax measures and rebates platforms

Here's what the 2023 PEI election parties are promising.

PC
  • Roll back property taxes to 2020 rates
  • Reevaluate the provincial income tax brackets

    "In addition to raising the basic personal exemption amount to $15,000 over four years, we will also re-evaluate the provincial income tax bracket model to be more competitive and leave more money in the pockets of Islanders, especially low-income Islanders." — peipc.ca, 2023-03-17

  • Increase the Basic Personal Exemption Amount to $15K over the next 4 years
  • Increase the Seniors Tax Credit to $6,510, and raise the threshold to $36K
  • Provide a $500 tax credit for volunteers with registered charities and non-profits

Green
  • Index tax brackets to inflation
  • Provide a refundable tax credit, averaging $250/person, for lower- and middle-income workers, in addition to the Canada Workers Benefit

    "To provide targeted tax relief to lower- and middle-income Island workers earning income between $30,000 and $50,000, we would create a refundable tax credit at a cost of $8 million per year in Y1, with increased investment in subsequent years. The tax credit would be designed with a sliding scale so lower-income workers would receive a larger benefit. The average benefit would be approximately $250." — peigreens.ca backgrounder, 2023-03-10

  • Create additional tax brackets for high incomes
  • Raise the low-income tax reduction threshold to $25K over 4 years

    "Raise the Low-Income Tax Reduction threshold to $25,000, helping 11,000 additional Islanders." — peigreens.ca backgrounder, 2023-03-10

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"PEI’s tax brackets are antiquated, having not been updated since 2008. A Green Government would make changes to PEI’s tax system to make it fairer for Islanders and in particular would:

● Raise the low-income tax reduction threshold from $20,000 to $25,000 over 4 years,

● Create additional tax brackets to better tax high incomes; and

● Index tax brackets to inflation to protect against bracket creep and keep more money in the pockets of Islanders." — peigreens.ca backgrounder, 2023-03-10

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NDP
  • Create a new tax bracket for the highest income earners
  • Lobby for a federal wealth tax

    "Create a new bracket for PEI’s highest income earners, while lobbying for a federal wealth tax and closing of tax loopholes for the rich." — NDP Platform 2023, 2023-03-09

  • Give back more of the provincial portion of the quarterly HST rebate to eligible Islanders

Looking for the parties' positions on other topics?

See our full 2023 PEI election platform comparison


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