Tax brackets
Prince Edward Island 2022 tax brackets
Federal and provincial tables for employment income. Each bracket applies only to income inside its range.
Federal: 5 brackets, top rate 33.0% above $221,708.
Prince Edward Island: 3 brackets, top rate 16.7% above $63,969.
Marginal vs. average
A marginal rate applies only to income within a bracket, not your total income.
2022 brackets
Combined marginal rate
Marginal rates apply to income inside each range.
Last verified: 2025-12-20
| Bracket range | Rate |
|---|---|
| $0 to $31,984 | 24.8% |
| $31,984 to $50,197 | 28.8% |
| $50,197 to $63,969 | 34.3% |
| $63,969 to $100,392 | 37.2% |
| $100,392 to $155,625 | 42.7% |
| $155,625 to $221,708 | 45.7% |
| Over $221,708 | 49.7% |
Upper bounds reflect the start of the next bracket. The last bracket applies above the final threshold.
Notes: Federal tax brackets (CRA T4032 payroll tables). Thresholds are lower bounds; rates are decimals. BPA reflects the maximum 'enhanced' amount.
2022 brackets
Prince Edward Island income tax
Marginal rates apply to income inside each range.
Last verified: 2026-01-24
| Bracket range | Rate |
|---|---|
| $0 to $31,984 | 9.8% |
| $31,984 to $63,969 | 13.8% |
| Over $63,969 | 16.7% |
Upper bounds reflect the start of the next bracket. The last bracket applies above the final threshold.
Provincial surtax (applies to net provincial tax)
| Net provincial tax range | Surtax rate |
|---|---|
| Over $12,500 | 10.0% |
2022 brackets
Federal income tax
Marginal rates apply to income inside each range.
Last verified: 2025-12-20
| Bracket range | Rate |
|---|---|
| $0 to $50,197 | 15.0% |
| $50,197 to $100,392 | 20.5% |
| $100,392 to $155,625 | 26.0% |
| $155,625 to $221,708 | 29.0% |
| Over $221,708 | 33.0% |
Upper bounds reflect the start of the next bracket. The last bracket applies above the final threshold.
Notes: Federal tax brackets (CRA T4032 payroll tables). Thresholds are lower bounds; rates are decimals. BPA reflects the maximum 'enhanced' amount.
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