2024 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 $40,800.24

Salary $40,800.24

Total Deductions $8,709.48

Federal Tax $3,158.64

Provincial Tax $2,654.20

CPP Contributions $2,219.36

EI Premiums $677.28

Net Pay $32,090.76

Marginal Tax Rate 26.86%

Average Tax Rate 14.25%

Comprehensive Deduction Rate 21.35%

$40,800.24 a year is how much per hour?
What is the minimum wage in Prince Edward Island in 2024?

Monthly Salary

Total Income $3,400.02

Salary $3,400.02

Total Deductions $725.79

Federal Tax $263.22

Provincial Tax $221.18

CPP Contributions $184.95

EI Premiums $56.44

Net Pay $2,674.23

Marginal Tax Rate 26.86%

Average Tax Rate 14.25%

Comprehensive Deduction Rate 21.35%

$3,400.02 a month is how much per year?
What is the minimum wage in Prince Edward Island in 2024?

Biweekly Salary

Total Income $1,569.24

Salary $1,569.24

Total Deductions $334.98

Federal Tax $121.49

Provincial Tax $102.08

CPP Contributions $85.36

EI Premiums $26.05

Net Pay $1,234.26

Marginal Tax Rate 26.86%

Average Tax Rate 14.25%

Comprehensive Deduction Rate 21.35%

$1,569.24 per two weeks is how much per year?
What is the minimum wage in Prince Edward Island in 2024?

Weekly Salary

Total Income $784.62

Salary $784.62

Total Deductions $167.49

Federal Tax $60.74

Provincial Tax $51.04

CPP Contributions $42.68

EI Premiums $13.02

Net Pay $617.13

Marginal Tax Rate 26.86%

Average Tax Rate 14.25%

Comprehensive Deduction Rate 21.35%

$784.62 a week is how much per year?
What is the minimum wage in Prince Edward Island in 2024?

Daily Salary

Total Income $156.92

Salary $156.92

Total Deductions $33.50

Federal Tax $12.15

Provincial Tax $10.21

CPP Contributions $8.54

EI Premiums $2.60

Net Pay $123.43

Marginal Tax Rate 26.86%

Average Tax Rate 14.25%

Comprehensive Deduction Rate 21.35%

$156.92 a day is how much per year?
What is the minimum wage in Prince Edward Island in 2024?

Hourly Salary

Total Income $20.92

Salary $20.92

Total Deductions $4.47

Federal Tax $1.62

Provincial Tax $1.36

CPP Contributions $1.14

EI Premiums $0.35

Net Pay $16.46

Marginal Tax Rate 26.86%

Average Tax Rate 14.25%

Comprehensive Deduction Rate 21.35%

$20.92 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
$55,867.00 or less	15%
$55,867.00 - $111,732.99	20.5%
$111,733.00 - $173,204.99	26%
$173,205.00 - $246,751.99	29%
More than $246,752.00	33%

Prince Edward Island Tax Bracket	Prince Edward Island Tax Rates
$32,656.00 or less	9.65%
$32,656.00 - $64,312.99	13.63%
$64,313.00 - $104,999.99	16.65%
$105,000.00 - $139,999.99	18%
More than $140,000.00	18.75%

Annual Income Tax by Province/Territory

Nunavut

Total Income $40,800.24

Total Deductions $6,820.74

Net Pay $33,979.50

Average Tax Rate 9.62%

Comprehensive Deduction Rate 16.72%

Northwest Territories

Total Income $40,800.24

Total Deductions $7,266.58

Net Pay $33,533.66

Average Tax Rate 10.71%

Comprehensive Deduction Rate 17.81%

British Columbia

Total Income $40,800.24

Total Deductions $7,336.65

Net Pay $33,463.59

Average Tax Rate 10.88%

Comprehensive Deduction Rate 17.98%

Yukon

Total Income $40,800.24

Total Deductions $7,384.29

Net Pay $33,415.95

Average Tax Rate 11%

Comprehensive Deduction Rate 18.1%

Alberta

Total Income $40,800.24

Total Deductions $7,657.14

Net Pay $33,143.10

Average Tax Rate 11.67%

Comprehensive Deduction Rate 18.77%

Ontario

Total Income $40,800.24

Total Deductions $7,793.26

Net Pay $33,006.98

Average Tax Rate 12%

Comprehensive Deduction Rate 19.1%

Saskatchewan

Total Income $40,800.24

Total Deductions $8,093.60

Net Pay $32,706.64

Average Tax Rate 12.74%

Comprehensive Deduction Rate 19.84%

New Brunswick

Total Income $40,800.24

Total Deductions $8,392.08

Net Pay $32,408.16

Average Tax Rate 13.47%

Comprehensive Deduction Rate 20.57%

Newfoundland and Labrador

Total Income $40,800.24

Total Deductions $8,411.72

Net Pay $32,388.52

Average Tax Rate 13.52%

Comprehensive Deduction Rate 20.62%

Manitoba

Total Income $40,800.24

Total Deductions $8,444.63

Net Pay $32,355.61

Average Tax Rate 13.6%

Comprehensive Deduction Rate 20.7%

Quebec

Total Income $40,800.24

Total Deductions $8,547.87

Net Pay $32,252.37

Average Tax Rate 13.29%

Comprehensive Deduction Rate 20.95%

Prince Edward Island

Total Income $40,800.24

Total Deductions $8,709.48

Net Pay $32,090.76

Average Tax Rate 14.25%

Comprehensive Deduction Rate 21.35%

Nova Scotia

Total Income $40,800.24

Total Deductions $9,151.46

Net Pay $31,648.78

Average Tax Rate 15.33%

Comprehensive Deduction Rate 22.43%

Region	Total Income	Total Deductions	Net Pay	Average Tax Rate	Comprehensive Deduction Rate
Nunavut	$40,800.24	$6,820.74	$33,979.50	9.62%	16.72%
Northwest Territories	$40,800.24	$7,266.58	$33,533.66	10.71%	17.81%
British Columbia	$40,800.24	$7,336.65	$33,463.59	10.88%	17.98%
Yukon	$40,800.24	$7,384.29	$33,415.95	11%	18.1%
Alberta	$40,800.24	$7,657.14	$33,143.10	11.67%	18.77%
Ontario	$40,800.24	$7,793.26	$33,006.98	12%	19.1%
Saskatchewan	$40,800.24	$8,093.60	$32,706.64	12.74%	19.84%
New Brunswick	$40,800.24	$8,392.08	$32,408.16	13.47%	20.57%
Newfoundland and Labrador	$40,800.24	$8,411.72	$32,388.52	13.52%	20.62%
Manitoba	$40,800.24	$8,444.63	$32,355.61	13.6%	20.7%
Quebec	$40,800.24	$8,547.87	$32,252.37	13.29%	20.95%
Prince Edward Island	$40,800.24	$8,709.48	$32,090.76	14.25%	21.35%
Nova Scotia	$40,800.24	$9,151.46	$31,648.78	15.33%	22.43%

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.