The province's net debt is $31,749 per person, by far the highest level of any province in Canada.
Atlantic Canada Prosperity
An income gap of thousands of dollars per year makes a big difference for living standards and quality of life.
The average family in the province earning $117,564 will pay an estimated $56,588 in total taxes.
The average family in the province earning $112,418 will pay $49,623 in total taxes.
The average family in the province will pay more than 45 per cent of its income in taxes this year.
Residents in the region pay some of the highest tax rates on personal income, goods and services.
Among nine P.E.I. premiers since 1965, Premier King has overseen the third-highest average annual increase in per-person spending.
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