2023 Prince Edward Island Income Tax Calculator

Calculate your take-home pay after tax.

Province/Territory

Tax Year

Salary

Rate

Work Hours per Day

Bonus

Commission

Pension Income

Taxable Benefit

RRSP

Your Results

Yearly Salary

Total Income $26,325.00

Salary $26,325.00

Total Deductions $4,268.18

Federal Tax $1,252.28

Provincial Tax $1,228.71

CPP Contributions $1,358.09

EI Premiums $429.10

Net Pay $22,056.82

Marginal Tax Rate 23.03%

Average Tax Rate 9.42%

Comprehensive Deduction Rate 16.21%

$26,325.00 a year is how much per hour?
What is the minimum wage in Prince Edward Island in 2024?

Monthly Salary

Total Income $2,193.75

Salary $2,193.75

Total Deductions $355.68

Federal Tax $104.36

Provincial Tax $102.39

CPP Contributions $113.17

EI Premiums $35.76

Net Pay $1,838.07

Marginal Tax Rate 23.03%

Average Tax Rate 9.42%

Comprehensive Deduction Rate 16.21%

$2,193.75 a month is how much per year?
What is the minimum wage in Prince Edward Island in 2024?

Biweekly Salary

Total Income $1,012.50

Salary $1,012.50

Total Deductions $164.16

Federal Tax $48.16

Provincial Tax $47.26

CPP Contributions $52.23

EI Premiums $16.50

Net Pay $848.34

Marginal Tax Rate 23.03%

Average Tax Rate 9.42%

Comprehensive Deduction Rate 16.21%

$1,012.50 per two weeks is how much per year?
What is the minimum wage in Prince Edward Island in 2024?

Weekly Salary

Total Income $506.25

Salary $506.25

Total Deductions $82.08

Federal Tax $24.08

Provincial Tax $23.63

CPP Contributions $26.12

EI Premiums $8.25

Net Pay $424.17

Marginal Tax Rate 23.03%

Average Tax Rate 9.42%

Comprehensive Deduction Rate 16.21%

$506.25 a week is how much per year?
What is the minimum wage in Prince Edward Island in 2024?

Daily Salary

Total Income $101.25

Salary $101.25

Total Deductions $16.42

Federal Tax $4.82

Provincial Tax $4.73

CPP Contributions $5.22

EI Premiums $1.65

Net Pay $84.83

Marginal Tax Rate 23.03%

Average Tax Rate 9.42%

Comprehensive Deduction Rate 16.21%

$101.25 a day is how much per year?
What is the minimum wage in Prince Edward Island in 2024?

Hourly Salary

Total Income $13.50

Salary $13.50

Total Deductions $2.19

Federal Tax $0.64

Provincial Tax $0.63

CPP Contributions $0.70

EI Premiums $0.22

Net Pay $11.31

Marginal Tax Rate 23.03%

Average Tax Rate 9.42%

Comprehensive Deduction Rate 16.21%

$13.50 an hour is how much per year?
What is the minimum wage in Prince Edward Island in 2024?

Federal and Provincial/Territorial Tax Brackets

Your taxable income in the following tax brackets.

Federal Tax Bracket	Federal Tax Rates
$53,359.00 or less	15%
$53,359.00 - $106,716.99	20.5%
$106,717.00 - $165,429.99	26%
$165,430.00 - $235,674.99	29%
More than $235,675.00	33%

Prince Edward Island Tax Bracket	Prince Edward Island Tax Rates
$31,984.00 or less	9.8%
$31,984.00 - $63,968.99	13.8%
More than $63,969.00	16.7%

Income taxes on hourly wages

Annual Income Tax by Province/Territory

British Columbia

Total Income $26,325.00

Total Deductions $3,265.85

Net Pay $23,059.15

Average Tax Rate 5.62%

Comprehensive Deduction Rate 12.41%

Nunavut

Total Income $26,325.00

Total Deductions $3,303.98

Net Pay $23,021.02

Average Tax Rate 5.76%

Comprehensive Deduction Rate 12.55%

Alberta

Total Income $26,325.00

Total Deductions $3,392.95

Net Pay $22,932.05

Average Tax Rate 6.1%

Comprehensive Deduction Rate 12.89%

Northwest Territories

Total Income $26,325.00

Total Deductions $3,508.22

Net Pay $22,816.78

Average Tax Rate 6.54%

Comprehensive Deduction Rate 13.33%

Yukon

Total Income $26,325.00

Total Deductions $3,562.34

Net Pay $22,762.66

Average Tax Rate 6.74%

Comprehensive Deduction Rate 13.53%

Saskatchewan

Total Income $26,325.00

Total Deductions $3,761.54

Net Pay $22,563.46

Average Tax Rate 7.5%

Comprehensive Deduction Rate 14.29%

Ontario

Total Income $26,325.00

Total Deductions $3,979.45

Net Pay $22,345.55

Average Tax Rate 8.33%

Comprehensive Deduction Rate 15.12%

Manitoba

Total Income $26,325.00

Total Deductions $4,069.55

Net Pay $22,255.45

Average Tax Rate 8.67%

Comprehensive Deduction Rate 15.46%

Quebec

Total Income $26,325.00

Total Deductions $4,126.67

Net Pay $22,198.33

Average Tax Rate 8.36%

Comprehensive Deduction Rate 15.68%

New Brunswick

Total Income $26,325.00

Total Deductions $4,174.97

Net Pay $22,150.03

Average Tax Rate 9.07%

Comprehensive Deduction Rate 15.86%

Nova Scotia

Total Income $26,325.00

Total Deductions $4,194.16

Net Pay $22,130.84

Average Tax Rate 9.14%

Comprehensive Deduction Rate 15.93%

Prince Edward Island

Total Income $26,325.00

Total Deductions $4,268.18

Net Pay $22,056.82

Average Tax Rate 9.42%

Comprehensive Deduction Rate 16.21%

Newfoundland and Labrador

Total Income $26,325.00

Total Deductions $4,271.03

Net Pay $22,053.97

Average Tax Rate 9.44%

Comprehensive Deduction Rate 16.22%

Region	Total Income	Total Deductions	Net Pay	Average Tax Rate	Comprehensive Deduction Rate
British Columbia	$26,325.00	$3,265.85	$23,059.15	5.62%	12.41%
Nunavut	$26,325.00	$3,303.98	$23,021.02	5.76%	12.55%
Alberta	$26,325.00	$3,392.95	$22,932.05	6.1%	12.89%
Northwest Territories	$26,325.00	$3,508.22	$22,816.78	6.54%	13.33%
Yukon	$26,325.00	$3,562.34	$22,762.66	6.74%	13.53%
Saskatchewan	$26,325.00	$3,761.54	$22,563.46	7.5%	14.29%
Ontario	$26,325.00	$3,979.45	$22,345.55	8.33%	15.12%
Manitoba	$26,325.00	$4,069.55	$22,255.45	8.67%	15.46%
Quebec	$26,325.00	$4,126.67	$22,198.33	8.36%	15.68%
New Brunswick	$26,325.00	$4,174.97	$22,150.03	9.07%	15.86%
Nova Scotia	$26,325.00	$4,194.16	$22,130.84	9.14%	15.93%
Prince Edward Island	$26,325.00	$4,268.18	$22,056.82	9.42%	16.21%
Newfoundland and Labrador	$26,325.00	$4,271.03	$22,053.97	9.44%	16.22%

This tool was designed for approximation purposes only and should not be used to replace legal or accounting authority. For the purpose of simplifying the process, a number of variables have been assumed to calculate the figures included on this page. The results of this calculator should not be relied upon for determining career and/or tax decisions.