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Provincial Budget

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Setting a course for sustained prosperity

"Our budget plan is consistent with our pledge to grow the economy, spend public dollars wisely and provide more opportunities for future generations of Islanders." - Hon. Allen F. Roach, Minister of Finance and Chair of Treasury Board

Budget Highlights

  • Increase the Harmonized Sales Tax by one percent effective October 1, 2016;
  • Increase the PEI Sales Tax Credit by 10% effective July 2016;
  • Increase tax relief for low-income Islanders for 2016;
  • Eliminate the Real Property Transfer Tax for all first-time home buyers as of October 1, 2016;
  • Increase the Basic Personal Income Tax exemption to $8,000 for 2016.
  • Increase health expenditures by over three percent.

Budget Address

Estimates of Revenue and Expenditures
Budget Address
[ PDF link 950 Kb ]

Estimates of Revenue and Expenditure

Estimates of Revenue and Expenditures        
Budget Estimates
[ PDF link ]

Budget Paper

Budget paper background notes

Budget Paper Background Notes



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