News and Insights

Prince Edward Island Budget 2011

Tax Development Apr 07, 2011

Minister of Finance and Municipal Affairs and Treasury Board Chair, Wesley J. Sheridan, tabled the 2011 Prince Edward Island Budget on April 6, 2011.  It is anticipated that this will be the final budget before the province’s general election this fall.   While the budget emphasized good government, there were no election “goodies” to attract votes, which have been traditionally included in budgets tabled prior to a general election.

This budget did not include any changes to income tax measures, but included two changes to commodity tax measures.

Commodity Tax Measures

Effective April 7, 2011, the tax on a carton of 200 cigarettes will rise by $5.90.  Additionally, the tax on 200 grams of fine cut tobacco will increase by $6.58.  Liquor prices will be increased, with the expectation of generating $5 million in revenue.  Together, these changes are anticipated to increase provincial revenue by $9.8 million, which will be invested in the healthcare system.

Further information on the Prince Edward Island budget is available on the province’s web site at:

Prince Edward Island Budget 2011.