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Residential Unit Development Incentive for Multi-Unit Residential
The Residential Unit Development Incentive (RUDI) for Multi-Unit Residential Buildings announced by the Province of Prince Edward Island will provide financial support to encourage the development of newly constructed rental units by providing a diminishing property tax rebate...
Budget Address 2022
Hon. Darlene Compton, Minister of Finance delivered the budget address to the Legislative Assembly of PEI on February 24, 2022. Good Afternoon, Bonjour, Kwe. Mr. Speaker, Members of the Legislative Assembly, I am pleased to present the budget and estimates for the fiscal year...
Province presents 2022-2023 Fiscal Update
The province is releasing the fiscal and economic update that outlines the financial state of the province and the economic outlook for 2023. The Economic and Fiscal Update is an annual reflection provided after second quarter outlining what the Provincial Government expects its...
2022 Fall Capital Budget Address
Good Afternoon, Bonjour, Kwe. Mr. Speaker, I am pleased to share the planned capital spending by the Government of Prince Edward Island for the 2023-24 budgetary year. This assembly hears about the capital budget every year. But as Minister of Finance, this is my first time...
2023 Rental Unit Property Tax Subsidy
The Rental Unit Property Tax Subsidy has been created to help offset increasing costs for landlords associated with the 2023 rental freeze. The subsidy aims to provide relief on provincial property taxes payable in 2023 and decrease landlord property tax costs. This will allow...
Islanders to receive inflationary support payment this week
This week, over 90,000 Island residents will receive a relief payment to support those most affected by pressures brought on by inflation. The inflationary support payment is a provincially funded initiative that will be delivered in collaboration with the Canada Revenue Agency...