Today, our Chamber submitted our recommendations for the Province of PEI’s 2026-27 Operating Budget consultation.
Our recommendations are that the Province of PEI:
- Strengthen PEI’s workforce through targeted tax incentives and strategic investments that attract, retain, and engage workers across demographics
- Provide tax incentives to seniors aged 60+ to re-enter the workforce.
- Provide refundable tax credits for employer-funded skills development, including: apprenticeship training, Red Seal upgrades, foreign credential recognition, and training-related credential upgrades for existing employees.
- Provide refundable tax credits for in-demand talent, including the hiring of overlapping staff to facilitate effective succession planning and knowledge transfer in anticipation of an increased retiring workforce, to strengthen recruitment and retention of workers.
- Increase funding and support minimum three-year multi-year agreements for not-for-profit organizations with proven track records in workforce development, particularly those serving populations facing employment barriers (youth, seniors, people with disabilities, newcomers).
- Make PEI’s tax system more competitive by implementing targeted reforms that improve affordability and purchasing power, attract investment, and position PEI as the most competitive province in Atlantic Canada to live, work, and do business.
- Commit to an annual indexation system for personal income tax brackets.
- Reduce the income tax rate on PEI’s low and medium tax brackets.
- Lower PEI’s general corporate tax rate to 13% and increase the small business income limit threshold to $750,000.
- Reduce HST to 14%.
Click here to read our full submission and learn more about our recommendations.