Tax brackets
Prince Edward Island 2023 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 $235,675.
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.
2023 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 $53,359 | 28.8% |
| $53,359 to $63,969 | 34.3% |
| $63,969 to $106,717 | 37.2% |
| $106,717 to $165,430 | 42.7% |
| $165,430 to $235,675 | 45.7% |
| Over $235,675 | 49.7% |
Upper bounds reflect the start of the next bracket. The last bracket applies above the final threshold.
Notes: First year of FHSA availability. BPA reflects the maximum 'enhanced' amount
2023 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% |
2023 brackets
Federal income tax
Marginal rates apply to income inside each range.
Last verified: 2025-12-20
| Bracket range | Rate |
|---|---|
| $0 to $53,359 | 15.0% |
| $53,359 to $106,717 | 20.5% |
| $106,717 to $165,430 | 26.0% |
| $165,430 to $235,675 | 29.0% |
| Over $235,675 | 33.0% |
Upper bounds reflect the start of the next bracket. The last bracket applies above the final threshold.
Notes: First year of FHSA availability. BPA reflects the maximum 'enhanced' amount
More regions in 2023
Federal
Alberta
British Columbia
Manitoba
New Brunswick
Newfoundland & Labrador
Nova Scotia
Northwest Territories
Nunavut
Ontario
Quebec
Saskatchewan
Yukon