Middle-income earners in P.E.I. face high tax rates compared to people in other provinces
Potatoes grow in a field near the Confederation Bridge in P.E.I. — Stock photoResidents of Prince Edward Island face some of the highest income tax rates in Canada—and not just “the rich.” As shown in a recent study published by the Fraser Institute, Islanders with market earnings at the national average income level face substantially higher tax rates than people with identical incomes in Ontario and Western Canada.
This means that the tax bite for middle-income workers from earning additional money is far higher in P.E.I. than in most of the country. The tax bite for middle-income workers from earning additional money is far higher in P.E.I. than in most of the country. These tax rate differences at various income levels, combined with other factors, ensure that people in P.E.I. earning the national average income face a much higher overall provincial income tax burden than someone with a similar income in several other provinces. In fact, the provincial income tax bill in P.E.I. is approximately twice as large as the bill for someone earning the same amount in B.C.
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