The Government of Prince Edward Island is announcing a new funding program to support the development of housing across PEI. The Residential Unit Development Incentive (RUDI) for Multi-Unit Residential Buildings provides financial support to encourage the development of newly...
Today, Premier Dennis King and Finance Minister Mark McLane tabled the provincial government’s capital budget outlining a record spend of over $1 billion dollars in investments to infrastructure across the province over the next five years, including $308.1 million in spending in...
The provincial government released a new diversity and inclusion strategy to ensure it is providing a safe, inclusive and diverse work environment for employees and clients, today and in the future. The 2022-2025 Diversity and Inclusion Strategy will build on the 2019 Diversity...
A number of tax changes, including a tax credit for volunteer firefighters and ground search and rescue (GSAR) first responders will be introduced in the new year. The changes will be effective January 1, 2022 and include: increasing the firefighter tax credit from $500 to $1,000...
The modernization of PEI’s liquor laws and regulations is taking another step forward with recent changes to the province’s Liquor Control Act. Changes made in the 2021 fall session of the Legislative Assembly come into effect December 18, 2021 and include: the ability for...
Online submissions for pre-budget consultations open today for Islanders to share their input and ideas for the upcoming provincial 2022-23 operating budget. This year again, all pre-budget consultations will take place virtually to adhere with public health and safety...
The Annual Statistical Review released today, provides an analysis of the province’s economic state, shows areas that were affected by the COVID-19 pandemic, and highlights the resilience of PEI’s economy. The 47th edition gathers data from provincial government departments, the...
An interest relief program for PEI tourism operators has been modified to help mitigate the effects of the ongoing COVID-19 pandemic. The Tourism Interest Relief Program will now be expanded to include reimbursements on interest payable for property tax bills until December 31...
Today, Minister of Finance Darlene Compton announced that the Province will support the harness racing industry by paying for testing for the presence of Streptococcal Equi (Strangles) in standardbred racehorses. An Advisory Committee comprised of representatives from the...
The provincial government will make tax changes so that Islanders and businesses can keep more money in their pockets as the province continues to recover from the effects of COVID-19. The changes are effective January 2022 and include: Increasing the basic personal income tax...