Prince Edward Island Salary After Tax Calculator

Check what your salary after tax will be in Prince Edward Island, Canada with this simple, handy, calculator.


Prince Edward Island, Canada Income Tax Rates for 2022

The amount of income tax you pay on your salary in Prince Edward Island will depend on how much of your income is above your Basic Personal Amount (BPA), any other Non-Refundable Personal Tax Credits you have, and how much of your income falls in each of the income tax bands.

Like many countries, Canada has a progressive tax system with tax being paid at different rates depending on how high your income is. In Canada, you will be pay both federal and provincial income tax.

Basic Personal Allowance

The Basic Personal Allowance is a tax credit that will reduce your taxable income so that you pay less income tax. You will have both a federal BPA and a Prince Edward Island BPA.

The table below shows the federal and Prince Edward Island Basic Personal Allowances for 2022.

Basic Personal Allowance
Federal $14,398
Prince Edward Island $11,250

Canada Federal Income Tax Brackets 2022

Tax Bracket Tax Rate
Less than C$50,197 15%
C$50,197 to C$100,392 20.5%
C$100,392 to C$155,625 26%
C$155,625 to C$221,708 29%
More than C$221,708 33%

Prince Edward Island Provincial Income Tax Brackets 2022

In additional to the federal tax brackets, residents in Prince Edward Island will also pay tax according to the province tax brackets. The table below shows the latest Prince Edward Island tax brackets for 2022.

Tax Bracket Tax Rate
Less than C$31,984 9.8%
C$31,984 to C$63,969 13.8%
More than C$63,969 16.7%

CPP Contributions for 2022

The Canada Pension Plan (CPP) is a mandatory retirement pension plan that will replace part of your income when you retire.

All Canadians in Prince Edward Island over the age of 18 are required to contribute towards the CPP when they have an employment income.

CPP Rates

Year Max. Contributory Earnings CPP Rate
2022 C$61,400 5.7%

Employment Insurance Rates (EI) 2022

EI is a benefit that will help Canadians who lose their job, have to stop working because of illness or injury, or to take take off for maternity or caregiving leave.

You pay a premium up to a maximum amount, and your employer will also pay EI premiums.

Self-employed Canadians are not required to pay EI premiums, but you can choose to participate in the EI program.

EI Premium Rates

Year Max. Insurable Earnings EI Rate Max. Employee Premium Max. Employer Premium
2022 C$60,300 1.58% C$953 C$1,334

How Much Tax Will I Pay in Prince Edward Island for 2022?

To see how the above tax brackets will affect your salary in the 2022 tax year living in Prince Edward Island, head back to the top of the page and enter your salary.

Calculate Income Tax in Other Provinces

If you're looking to move to a new Canadian province from Prince Edward Island, you can use the links below to more accurately calculate your salary and taxes for that province.

Common Prince Edward Island Salary After Tax Calculations

The list below covers the majority of the most commonly searched for Prince Edward Island salary and tax calculations for salaries ranging from C$10,000 to C$1m per year.

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