This calculator estimates the Prince Edward Island sales tax credit (PEISTC) amount. Update the input values as required, then click Calculate to display the result.
Estimated PEISTC amount: $165.00
To estimate the Prince Edward Island sales tax credit (PEISTC) amount provide the following information:
Click Calculate to display the results. Provided values are estimates only. Consult the CRA - Prince Edward Island Benefits web page or your tax advisor for an exact determination.
Please note that this calculator does not take into account the federal GST/HST credit. To estimate the GST/HST credit amount use the Goods and Services Tax/Harmonized Sales Tax Credit Calculator.
The Prince Edward Island sales tax credit (PEISTC) is a tax-free payment to low and modest income households to help offset the increase in the sales tax.
The P.E.I. sales tax credit (also called HST credit) program provides for a maximum annual amount of $110.00 for an individual plus, if applicable, $55.00 for a spouse, common-law partner or an eligible dependant. There is also a supplement of 0.5% (one cent for every two dollars) of adjusted family net income over $30,000.00, up to a maximum of $55.00. The total of the above is reduced by 2% (by two cents for every dollar) of adjusted family net income over $50,000.00.
Eligible Prince Edward Island residents do not have to apply for the credit. The Canada Revenue Agency will determine eligibility and will issue the credit to all eligible individuals. However, individuals must file their annual income tax return in order to receive the PEI sales tax credit.
The payment is combined with the quarterly payment of the federal GST/HST credit.
For more information, check the official CRA - Prince Edward Island Benefits web page.
See also:
Canada Child Benefit (CCB) Calculator
Canada Pension Plan (CPP) Calculator
OAS Pension, GIS, and Allowance Calculator
Employment Insurance (EI) Benefits Calculator
TFSA Calculator
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