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Free Prince Edward Island tax calculator for freelancers 💸

Use this free Prince Edward Island tax calculator to figure how much you need to pay and more importantly, how much you get to keep.

And it's true, the most savvy freelancers in Prince Edward Island use Lessons Invoicing to manage their business and get paid faster.

Tax Calculator

Is this income from self-employment?

Tip: Enter your estimated annual income to calculate your taxes for the whole year.

I earn $

Tip: Enter "per year" to calculate your taxes for the whole year.

I get paid once
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Advanced Options

Employed Insurance (EI) is optional for most self-employed people and freelancers.

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Contributions to the Canadian Pension Plan (CPP) is required for most tax-paying Canadians, including both employed and self-employed people.

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For 2022, the total required contribution on incomes up to $64,900 is $6,999.60.

If you're an employee, you will typically pay half of the annual required amount ($3,499.80) through standard deductions from your regular pay and your employer will pay the other half.

If you're self-employed, you will need to make sure your entire contribution is paid.

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Breakdown

By using this tax calculator you acknowledge that the results are only an estimate. Please consult a licenced accountant before filing your taxes as you are likely entitled to additional credits, especially if you're self-employed.