October 31, 2022 – Government of PEI: The Government of Prince Edward Island will be providing additional financial assistance to thousands of Islanders coping with increases in the cost of living, by providing an inflationary support payment to be distributed in January 2023 with the federal HST rebate.
The support will include:
- A $500 payment for individuals with net income up to $100,000. Individuals with a net income of between $100,000 and $125,000 will receive a pro-rated payment.
- A $1,000 payment for couples and single parents with a net income up to $100,000. Couples and single parents with a net income between $100,000 and $145,000 will receive a pro-rated payment.
- This provincially funded support will provide a one-time payment in January to over 117,000 Islanders and will be distributed through Canadian Revenue Agency on behalf of the province.
“Our Province has worked incredibly hard to keep our economies moving forward, while ensuring that Islanders are supported and as a result of this hard work and collaboration, we are in a much more positive economic position than originally anticipated at the start of the year,” says Premier Dennis King.
“We have been through a lot together, and with increasing costs in our everyday lives, our Government will do everything it can within provincial means to invest and support in Islanders.”
Read the full news release here