2024 Prince Edward Island Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$16,000.00
Salary
$16,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,131.43
Federal Tax
$0.00
Provincial Tax
$122.08
CPP Contributions
$743.75
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$265.60
Net Pay
$14,868.57
Marginal Tax Rate
8.91%
Average Tax Rate
0.76%
Comprehensive Deduction Rate
7.07%
Monthly Salary
Total Income
$1,333.33
Salary
$1,333.33
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$94.29
Federal Tax
$0.00
Provincial Tax
$10.17
CPP Contributions
$61.98
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$22.13
Net Pay
$1,239.05
Marginal Tax Rate
8.91%
Average Tax Rate
0.76%
Comprehensive Deduction Rate
7.07%
Biweekly Salary
Total Income
$615.38
Salary
$615.38
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$43.52
Federal Tax
$0.00
Provincial Tax
$4.70
CPP Contributions
$28.61
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$10.22
Net Pay
$571.87
Marginal Tax Rate
8.91%
Average Tax Rate
0.76%
Comprehensive Deduction Rate
7.07%
Weekly Salary
Total Income
$307.69
Salary
$307.69
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$21.76
Federal Tax
$0.00
Provincial Tax
$2.35
CPP Contributions
$14.30
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$5.11
Net Pay
$285.93
Marginal Tax Rate
8.91%
Average Tax Rate
0.76%
Comprehensive Deduction Rate
7.07%
Daily Salary
Total Income
$61.54
Salary
$61.54
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$4.35
Federal Tax
$0.00
Provincial Tax
$0.47
CPP Contributions
$2.86
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1.02
Net Pay
$57.19
Marginal Tax Rate
8.91%
Average Tax Rate
0.76%
Comprehensive Deduction Rate
7.07%
Hourly Salary
Total Income
$8.21
Salary
$8.21
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$0.58
Federal Tax
$0.00
Provincial Tax
$0.06
CPP Contributions
$0.38
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.14
Net Pay
$7.62
Marginal Tax Rate
8.91%
Average Tax Rate
0.76%
Comprehensive Deduction Rate
7.07%
Jobs that pay $16,000+/year in your inbox
Custom alerts for jobs that meet your salary goals
Job Alert created!
You'll receive your first email update when jobs become available.
By creating this job search alert, you agree to our Terms.
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
Total Income
$16,000.00
Total Deductions
$1,009.35
Net Pay
$14,990.65
Average Tax Rate
0%
Comprehensive Deduction Rate
6.31%
Total Income
$16,000.00
Total Deductions
$1,009.35
Net Pay
$14,990.65
Average Tax Rate
0%
Comprehensive Deduction Rate
6.31%
Total Income
$16,000.00
Total Deductions
$1,009.35
Net Pay
$14,990.65
Average Tax Rate
0%
Comprehensive Deduction Rate
6.31%
Total Income
$16,000.00
Total Deductions
$1,009.35
Net Pay
$14,990.65
Average Tax Rate
0%
Comprehensive Deduction Rate
6.31%
Total Income
$16,000.00
Total Deductions
$1,009.35
Net Pay
$14,990.65
Average Tax Rate
0%
Comprehensive Deduction Rate
6.31%
Total Income
$16,000.00
Total Deductions
$1,009.35
Net Pay
$14,990.65
Average Tax Rate
0%
Comprehensive Deduction Rate
6.31%
Total Income
$16,000.00
Total Deductions
$1,009.35
Net Pay
$14,990.65
Average Tax Rate
0%
Comprehensive Deduction Rate
6.31%
Total Income
$16,000.00
Total Deductions
$1,009.35
Net Pay
$14,990.65
Average Tax Rate
0%
Comprehensive Deduction Rate
6.31%
Total Income
$16,000.00
Total Deductions
$1,090.24
Net Pay
$14,909.76
Average Tax Rate
0%
Comprehensive Deduction Rate
6.81%
Total Income
$16,000.00
Total Deductions
$1,131.43
Net Pay
$14,868.57
Average Tax Rate
0.76%
Comprehensive Deduction Rate
7.07%
Total Income
$16,000.00
Total Deductions
$1,192.33
Net Pay
$14,807.67
Average Tax Rate
1.14%
Comprehensive Deduction Rate
7.45%
Total Income
$16,000.00
Total Deductions
$1,317.85
Net Pay
$14,682.15
Average Tax Rate
1.93%
Comprehensive Deduction Rate
8.24%
Total Income
$16,000.00
Total Deductions
$1,372.37
Net Pay
$14,627.63
Average Tax Rate
2.27%
Comprehensive Deduction Rate
8.58%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Alberta | $16,000.00 | $1,009.35 | $14,990.65 | 0% | 6.31% |
| British Columbia | $16,000.00 | $1,009.35 | $14,990.65 | 0% | 6.31% |
| Manitoba | $16,000.00 | $1,009.35 | $14,990.65 | 0% | 6.31% |
| Northwest Territories | $16,000.00 | $1,009.35 | $14,990.65 | 0% | 6.31% |
| Nunavut | $16,000.00 | $1,009.35 | $14,990.65 | 0% | 6.31% |
| Ontario | $16,000.00 | $1,009.35 | $14,990.65 | 0% | 6.31% |
| Saskatchewan | $16,000.00 | $1,009.35 | $14,990.65 | 0% | 6.31% |
| Yukon | $16,000.00 | $1,009.35 | $14,990.65 | 0% | 6.31% |
| Quebec | $16,000.00 | $1,090.24 | $14,909.76 | 0% | 6.81% |
| Prince Edward Island | $16,000.00 | $1,131.43 | $14,868.57 | 0.76% | 7.07% |
| New Brunswick | $16,000.00 | $1,192.33 | $14,807.67 | 1.14% | 7.45% |
| Nova Scotia | $16,000.00 | $1,317.85 | $14,682.15 | 1.93% | 8.24% |
| Newfoundland and Labrador | $16,000.00 | $1,372.37 | $14,627.63 | 2.27% | 8.58% |
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.
Jobs paying $16,000+/year
City of Summerside
Summerside, PE
$95,654 - $101,709 / year
Full-time
13 days ago
Quick Apply
Maritime Electric
-
2 Jobs
Charlottetown, PE
$75,000 - $95,000 / year
Full-time
5 days ago
Quick Apply
Are you looking to relocate to Prince Edward Island or just browsing through cities within the province/territory?
Check out our Prince Edward Island demographics page for more information.