Canada · 2024

Ontario vs Prince Edward Island Income Tax 2024

At a $100K salary, Ontario is about $4,534 cheaper in 2024.

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Top rate
13.16%
Brackets
5
Basic amount
$12,399
Province brackets
5.05%
Bracket 1
$0to$51,446
9.15%
Bracket 2
$51,446to$102,894
11.16%
Bracket 3
$102,894to$150,000
12.16%
Bracket 4
$150,000to$220,000
13.16%
Bracket 5
$220,000and up
Top rate
18.75%
Brackets
5
Basic amount
$13,500
Province brackets
9.65%
Bracket 1
$0to$32,656
13.63%
Bracket 2
$32,656to$64,313
16.65%
Bracket 3
$64,313to$105,000
18%
Bracket 4
$105,000to$140,000
18.75%
Bracket 5
$140,000and up

At common incomes, what's the tax difference?

Federal + provincial income tax after the basic personal amount, 2024. Excludes CPP/EI.
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$
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Income
Ontario tax
Prince Edward Island tax
Difference
$50,000single filer
$6,63513.3% effective
$8,11716.2% effective
$1,482 lessin Ontario
$100,000single filer
$21,03121.0% effective
$25,56525.6% effective
$4,534 lessin Ontario
$200,000single filer
$65,00532.5% effective
$70,19135.1% effective
$5,186 lessin Ontario

Federal income tax — same for both

5 brackets · 15–33% · applies on top of provincial rates
15%
to $55,867
20.5%
to $111,733
26%
to $173,205
29%
to $246,752
33%
$246,752+
ON
Ontario
Full 2024 breakdown13.16%
PE
Prince Edward Island
Full 2024 breakdown18.75%