Table 4 – Tax brackets

Federal – 2016
$45,282 or less 15%
$45,283 – $90,563 $6,792+ 20.5% on next $45,281
$90,564 – $140,388 $16,075 + 26% on next $49,825
$140,389 and $200,000 $29,029 + 29% on next $59,612
$200,001 and over $46,317 + 33% on excess
  • 15% rate used for AMT and credits, except for charitable donations over $200.
Prince Edward Island – 2016
$31,984 or less 9.8%
$31,985 – $63,969 $3,134 + 13.8% on next $31,985
$63,970 and over $7,548 + 16.7% on excess
  • 9.8% rate used for credits, except for charitable donations over $200.
  • 10% surtax on provincial tax over $12,500.
Tax credit for dividends from
Canadian corporations – 2016
Eligible
dividends1
Ordinary
dividends2
Federal 15.02% 10.52%
Prince Edward Island 10.50% 3.05%

1 Gross-up is 38%.
2 Gross-up is 17%.