Skip to main content

May 25, 2023 

Tax Highlights from the 2023 PEI Budget

Minister of Finance Jill Burridge tabled the 2023/24 Prince Edward Island provincial budget on May 25, 2023.


The budget projects a deficit of $97.6 million for the upcoming 2023/24 fiscal year, which includes $431 million in new spending, bringing the total expenditure to just over $3 billion an increase of 16.2% over 2022/23. The budget also projects revenues to increase by $426 million or 16.6% over last year. The forecast deficit for the completed 2022/23 fiscal year now stands at $66.2 million, which is $26.7 million below the projected deficit of $92.9 million.  Read more here.

This communication is published by CI Global Asset Management (“CI GAM”). Any commentaries and information contained in this communication are provided as a general source of information and should not be considered personal investment advice. Facts and data provided by CI GAM and other sources are believed to be reliable as at the date of publication.


Certain statements contained in this communication are based in whole or in part on information provided by third parties and CI GAM has taken reasonable steps to ensure their accuracy. Market conditions may change which may impact the information contained in this document.


Information in this communication is not intended to provide legal, accounting, investment or tax advice, and should not be relied upon in that regard. Professional advisors should be consulted prior to acting based on the information contained in this communication.


You may not modify, copy, reproduce, publish, upload, post, transmit, distribute, or commercially exploit in any way any content included in this communication. You may download this communication for your activities as a financial advisor provided you keep intact all copyright and other proprietary notices. Unauthorized downloading, re-transmission, storage in any medium, copying, redistribution, or republication for any purpose is strictly prohibited without the written permission of CI GAM.


CI Global Asset Management is a registered business name of CI Investments Inc.