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Income Tax Help

Government of Canada – Income Tax Help

Community Volunteer Income Tax Program – A free program for eligible taxpayers who have modest income and simple tax situations. To find out about credits taxpayers can take advantage of, click here for details.

Canada Benefit Finder – A short survey to connect you to the federal and provincial benefits you may be entitled to. Click here for details.

Government of PEI – Tax relief for Islanders

A number of tax changes announced within the 2020-2021 Operating Budget will leave more money in the hands of Islanders and businesses now when they need it most.

The changes include the increase of the Low-Income Reduction Threshold from $18,000 to $19,000, the increase in the Basic Personal Amount from $10,000 to $10,500, and a reduction in the Small Business Tax from 3 per cent to 2 per cent, effective January 1, 2021.

For more information, contact the Department of Finance at 902-368-4040 or [email protected]

To learn more about the new and expanded benefits that may be available to PEI residents, check out “Benefits for Islanders” brochure here.

Visit www.princededwardisland.ca/getyourshare for more information

Electricity Tax Relief – The first block of residential electricity will now be rebated equivalent to the provincial portion of the HST on electricity bills each month. This means an average of $120 a year in savings per household.

A rebate equivalent to the provincial portion of HST will also be available for firewood, pellets and propane through a point-of-sale credit or rebate.

For more information, contact Efficiency PEI toll-free at 1-877-734-6336 or email [email protected].

Visit www.princeedwardisland.ca/homeenergy

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